SFO - Serious Fraud Office
  1. Home
  2. Latest press releases
  3. Press releases 2013
  4. Trader charged in LIBOR investigation

Trader charged in LIBOR investigation

18 June 2013

Trader charged in LIBOR investigation

Tom Hayes, a former trader at UBS and Citigroup, has today been charged with offences of conspiracy to defraud in connection with the investigation by the Serious Fraud Office into the manipulation of LIBOR.

Tom Alexander William Hayes, 33, of Surrey was one of the three individuals arrested and interviewed on 11 December 2012 by officers from the SFO and City of London Police.  He attended Bishopsgate police station this morning where he was charged by City of London Police with eight counts of fraud.  He will appear before Westminster Magistrates' Court at a later date. 

The SFO's investigation into the manipulation of LIBOR continues.

Notes for editors:

  1. On 6 July 2012 the SFO announced that it had decided to accept the LIBOR matter for investigation.
  2. On 11 December 2012 three residential premises were searched (Surrey-1, Essex-2) and three men were arrested, interviewed and released on police bail.
  3. The Serious Fraud Office is a government department responsible for investigating and prosecuting serious and complex fraud and corruption.  It is headed by the Director, David Green QC, who exercises powers under the superintendence of the Attorney General.  These powers are derived from the Criminal Justice Act 1987.
  4. The strict liability rule in the Contempt of Court Act 1981 applies.

END 

Serious Fraud Office, 2-4 Cockspur Street, London, SW1Y 5BS

         Press Office tel: 020 7239 7001/7004/7156 or mobile: 0781 807 6688

         Main switchboard tel: 020 7239 7272                 

         press.office@sfo.gsi.gov.uk - or via - www.sfo.gov.uk