Quote:
Former City trader Tom Hayes has been found guilty at a London court of rigging global Libor interest rates.
He was sentenced to 14 years in prison for conspiracy to defraud.
The 35-year old is the first individual to face a jury trial for manipulating the rate, which is used as a benchmark for trillions of pounds of global borrowing and lending.
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http://www.bbc.co.uk/news/business-33763628
Can't say I have much sympathy. Mind you it's easy to throw the minnows to the dogs isn't it. I'm wondering when those far higher up the corporate and regulatory food chain are going to be properly called to account. Won't be holding my breath...