Trader Tom Hayes wins right to appeal UK LIBOR rigging conviction

'Wide-ranging' and 'complex' review

Trader Tom Hayes has been referred to the Court of Appeal for his UK LIBOR rigging conviction after a “wide-ranging and complex" investigation by the Criminal Cases Review Commission.

The CCRC, the body responsible for investigating alleged miscarriages of justice in England, Wales, and Northern Ireland, said today (6 July) that the Court of Appeal should clarify whether the right legal approach was taken in Hayes' case.  The commission noted that in January 2022 a US Court judgement overturned the convictions of two other former traders convicted in similar circumstances. As a consequence, all charges against Hayes in the US were dropped. Convicted LIBOR rigger Tom Hayes has US charges thrown out "The CCRC has concluded that there is a real possibility that the...