Big Win For SFO In LIBOR Trial – Tom Hayes Sentenced To 14 years. More SFO Prosecutions To Come In Financial Sector?

The conviction of Tom Hayes in the first UK LIBOR trial (click here to read more) is a watershed moment. It's a big win for the SFO, although it must be said that a more damning book of evidence could not be imagined. The judge's sentencing remarks (link to judiciary.gov.uk) repay detailed study. Hayes received 14 years, one of the heaviest sentences on record for this offence. The judge's summary reads like a case-study of how an accused should not behave, both before and after they are accused.

We will have more to say on this and similar cases in due course. For now it suffices to say that the huge profile of the trial and the very...

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