UK Charges Ex-UBS Trader In Libor Scandal

Law360, New York (June 18, 2013, 11:50 AM EDT) -- U.K. officials on Tuesday charged a former UBS AG and Citigroup Inc. trader for his alleged role in rigging the London Interbank Offer Rate, the latest announced development in efforts by U.S. and European authorities to unravel the widespread scandal.

Tom Hayes, 33, faces eight counts of fraud for allegedly helping to manipulate global interest rates, the U.K.'s Serious Fraud Office said Tuesday. Hayes, who already faces criminal charges in the U.S., was initially arrested and interviewed in London in December along with two other individuals...
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