A former UBS and Citigroup trader, one of three men arrested in December as part of a Serious Fraud Office (SFO) and City of London Police investigation into the manipulation of LIBOR, has been charged.
Tom Hayes was charged with offences of conspiracy to defraud in connection with the SFO's investigation. The 33-year-old attended Bishopsgate police station on Tuesday morning where he was charged by City of London Police with eight counts of conspiracy to defraud. He will appear before Westminster Magistrates' Court at a later date. The SFO's investigation into the manipulation of LIBOR continues.
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