Libor trader appeals 14-year prison sentence

Gavel

Tom Hayes, the first person to be found guilty by a British jury of rigging Libor rates, has begun an appeal against his conviction and prison sentence.

The Daily Telegraph reports that Hayes, who was jailed for 14 years has asked a London court for permission to appeal, with a judge due to rule on the matter within the next few months. He is currently being held at HM Prison Wandsworth.

'It’s not a surprise that Mr Hayes is appealing the sentence given its surprising length,” Stephen Pollard', a London-based lawyer at WilmerHale, told Bloomberg.

'The Court of Appeal may embrace the opportunity to clarify sentencing parameters for these kinds of cases because there are fewer'.

To access the complete Daily Telegraph article hit the link below:

Libor scandal: Tom Hayes begins appeal against 14-year prison sentence

First look at Robert De Niro as $65bn Ponzi fraudster Bernie Madoff

JefferiesAnd the Best Place to Work in the global financial markets 2016 is...

Register for Financial Markets News Alerts