Jailed Libor Trader Denied Leave to Appeal U.K. Sentence

Former UBS Group AG trader Tom Hayes was denied permission to appeal his conviction for manipulating Libor to the U.K. Supreme Court.

“Tom Hayes’ application for leave to appeal to the Supreme Court on a point of law of general public importance was refused,” the Serious Fraud Office said March 8 in a statement, declining to comment further.

Hayes was convicted in August of conspiring to rig the London interbank offered rate and sentenced to 14 years in jail 149 SLD, 8/4/15, See previous story, 08/04/15, 109 ATRR 186, 8/7/15, 47 SRLR 1579, 8/10/15. The sentence was cut to 11 years after an earlier appeal See previous story, 12/22/15, 245 SLD, 12/22/15, 245 Antitrust & Trade Regulation Daily, 12/22/15, 110 ATRR 38, 1/8/16, 48 SRLR 42, 1/4/16