More On

Former Citi trader looks to fight fraud charges

Trader accused of manipulating interest rates hires aggressive lawyers for his defense

In June, the U.K.’s Serious Fraud Office (SFO) filed fraud charges against Tom Hayes, a former Citigroup and UBS AG trader. The SFO accused Hayes of a scheme to fix interest rates. Now, as the case approaches trial, Hayes has hired a pair of aggressive lawyers to help mount his defense.

The case is due to go to trial on Oct. 21, and centers on accusations that Hayes conspired with 10 other bank and brokerage employees to fix interest rates. There had been speculation that Hayes would plead guilty and assent to testifying against the alleged co-conspirators.

Senior Editor and Community Manager

author image

Rich Steeves

Richard P. Steeves is Senior Editor and Community Manager of InsideCounsel magazine, where he covers the intellectual property and compliance beats. Rich earned a B.A....

Bio and more articles

Join the Conversation

Advertisement. Closing in 15 seconds.