The last time Tom Hayes had his picture taken at London’s Southwark Crown Court, he was being snapped through the window of a prison van.
Returning almost exactly a decade later as a free man might have been a triumphant moment for the former UBS and Citigroup trader, who spent five-and-a-half years in jail for supposedly masterminding a scheme to manipulate the benchmark Libor rate.
But after emerging victorious from a 10-year struggle with England’s creaking criminal justice system to overturn one of the longest sentences the country has imposed for white-collar crime, Hayes seems rather underwhelmed.
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