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Tom Hayes, wrongfully convicted in Libor scandal, sues UBS for $400M, alleging he was scapegoated due to autism.
Tom Hayes, who served over five years in prison before his 2015 Libor manipulation conviction was overturned by the UK Supreme Court in July 2023 due to flawed jury instructions, is suing his former employer UBS for over $400 million.
He alleges UBS deliberately targeted him—knowing he has autism spectrum disorder—as a scapegoat to shield senior executives and avoid massive fines, while misleading prosecutors.
Hayes claims the company’s actions caused lasting harm to his career, reputation, health, and family life.
The lawsuit, filed in Connecticut, seeks compensation and aims to hold UBS accountable for what he calls a wrongful prosecution.
The Libor and Euribor benchmarks, used globally in financial contracts, were phased out in 2022 after widespread manipulation scandals.
Tom Hayes, condenado injustamente en el escándalo Libor, demanda a UBS por $400 millones, alegando que fue chivo expiatorio debido al autismo.