Ex-trader Tom Hayes to contest 14-year jail term

Prison Bars

Tom Hayes, the former UBS trader given a 14 year-prison term for manipulating Libor, returns to court this week to try to persuade the U.K.’s top judge to overturn one of the longest sentences ever issued in Britain for a white-collar crime.

Bloomberg News reports that the 36-year-old Hayes’s appeal will take place at a two-day hearing starting Tuesday in London. While Hayes is challenging both the August conviction and sentence, the prison term might get more attention from the court.

"The length of Hayes’s sentence was a surprise to many in the financial-services industry," said Amanda Pinto, a London trial lawyer at 33 Chancery Lane, who specializes in financial crime. "In the past, custodial sentences for white collar crimes have been much shorter. It’s really important for confidence in London as a global financial center that this appeal is resolved quickly."

To access the complete Bloomberg News article hit the link below:

Hayes Poised to Challenge 14-Year Libor Sentence, Conviction

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