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‘All the banks were lying’: Tom Hayes on his decade-long battle for justice

Ex-UBS trader accused of Libor-rigging had his conviction overturned by UK Supreme Court

The last time Tom Hayes had his picture taken at London’s Southwark Crown Court, he was being snapped through the window of a prison van.

Returning almost exactly a decade later as a free man might have been a triumphant moment for the former UBS and Citigroup trader, who spent five-and-a-half years in jail for supposedly masterminding a scheme to manipulate the benchmark Libor rate.

But after emerging victorious from a 10-year struggle with England’s creaking criminal justice system to overturn one of the longest sentences the country has imposed for white-collar crime, Hayes seems rather underwhelmed.

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