Ex-UBS trader's Libor case comes to trial

UK prosecutors are preparing to cast Tom Hayes as the ringleader of a global conspiracy to manipulate Libor

Tom Hayes
Tom Hayes Photo: Getty Images

Is a 35-year-old mathematician the modern face of financial crime?

In a trial starting Tuesday in London, UK prosecutors will contend that the answer is yes. They are preparing to cast Tom Hayes, a former star trader at UBS and Citigroup, as the ringleader of a global conspiracy to manipulate the London interbank offered rate, or Libor.

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