Tom Hayes Taps Crowdfunding to Raise $218,000 for Appeal
- Ex-UBS trader is serving an 11-year sentence for rigging Libor
- FundRazr Website says Hayes has raised about 2,100 pounds
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Tom Hayes, the former UBS Group AG trader serving 11 years in prison for rigging Libor, has turned to crowdfunding to raise 150,000 pounds ($218,000) for an appeal.
On a Fundrazr webpage covered in photographs of the trader with his wife and son, Hayes’s supporters describe the 36-year-old as a “Libor scapegoat” whose conviction was the result of a “politically motivated show trial.”