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Former trader Hayes jailed for 14 years for Libor rigging


    LONDON (Reuters) - Tom Hayes, a British former trader, was sentenced to 14 years in jail by a London court on Monday after becoming the first person to be convicted by a jury of conspiring to rig Libor benchmark interest rates following a seven-year global 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.

    (Reporting by Kirstin Ridley; Editing by Mark Potter and David Holmes)