Hayes arrives at Southwark Crown Court with his wife Sarah, in London.
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Ex-trader Tom Hayes was sentenced to 14 years in jail by a London court Monday after being found guilty of conspiring to rig LIBOR benchmark interest rates following a seven-year international investigation.After a nine-week trial and seven days of deliberations, the jury of five women and seven men found Hayes, a 35-year-old former UBS and Citigroup trader, guilty of all eight counts of conspiracy to defraud.In the first trial of a defendant accused of LIBOR rigging, Hayes had faced up to 10 years imprisonment for each count of conspiracy over the manipulation of London interbank offered rate (LIBOR), a crucial benchmark for around $450 trillion of financial contracts and consumer loans, between 2006 and 2010 .
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