Thomas Hayes, Former Citigroup Trader, Arrested Over Libor-Rigging in UK

 

Citigroup

Thomas Hayes, Former Citigroup Trader, Arrested Over Libor-Rigging in UK. (Photo credit: Wikipedia)

Bloomberg:   “A former Citigroup Inc. (C) trader is among three people held in the first U.K. arrests as part of global probes into tampering with the London interbank offered rate, according to two people familiar with the matter.”

Thomas Hayes, a former trader at UBS AG and Citigroup, was arrested by the Serious Fraud Office and City of London Police today, said the people, who asked not to be identified because the investigation is ongoing. The three men arrested, ranging in age from 33 to 47, are all British nationals living in the U.K., the SFO said in an e-mailed statement.”

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Janet Shan is a freelance journalist and managing editor of the Hinterland Gazette, who is working on her first novel, a mystery based in the hills on Montego Bay.