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US court throws out Libor charges against Tom Hayes

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US court throws out Libor charges against Tom Hayes

Tom Hayes has received a boost to his attempt to clear his name after a judge in the United States threw out criminal charges against the former trader over Libor manipulation.

In 2015, Hayes, 43, was the first person convicted in Britain of rigging the now-discredited financial benchmark and is fighting to have this quashed.

He said yesterday that the British legal position “is now demonstrably absurd” after a New York judge dismissed an indictment against him and Roger Darin, another former trader. It comes a decade after the US Department of Justice first filed charges against Hayes.

“I’m just ecstatic,” Hayes said. “It’s been ten long years.” The decision could strengthen Hayes’ case to have his British conviction overturned.

The former trader became

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