Ex-trader sentenced to 14 years in jail for conspiracy to defraud

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According Britain’s Serious Fraud Office (SFO), motivated by desire for higher pay, Hayes set up a network of brokers and traders spanning 10 leading financial institutions and cajoled or bribed them to help rig for profit rates designed to reflect the cost of inter-bank borrowing. Hayes has been diagnosed with mild Asperger’s Syndrome. This is an autism spectrum disorder that is characterized by significant difficulties in social interaction and nonverbal communication but which preserves  linguistic and cognitive development. It’s also linked to obsessive or repetitive routines. He said he didn’t think he was doing anything wrong.. His wife Sarah was in the courtroom when the sentence was pronounced.

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