Convicted Libor trader Tom Hayes to join private spook firm

Tom Hayes, the previous UBS and Citigroup dealer convicted of a conspiracy to rig the Libor benchmark, has joined a company intelligence company run by former Black Dice operative Seth Freedman.

Hayes was launched from jail in January and is battling to overturn his conviction. He’ll be a part of Freedman’s new company, Pink Mist, as a guide in June, offering intelligence providers targeted on white collar and monetary wrongdoing.

The dealer stated he had discovered new expertise in jail whereas engaged on his attraction, which is being reviewed by the Felony Instances Assessment Fee, a physique that investigates potential miscarriages of justice. The CCRC is ready to find out whether or not Hayes’ case will return to the Courtroom of Enchantment in June.

Hayes stated he wanted a job that will allow him to proceed engaged on his case, and that company spying matched his skillset.

“I spent a number of time [in prison] going by way of the [court documents] written within the tiniest font and studying by way of a whole lot of 1000’s of recordsdata,” the 41-year previous instructed the Monetary Occasions. “It’s one thing Sarah [his ex-wife, a lawyer] says I’m good at.”

“No one fights more durable than any individual preventing for their very own freedom,” he added. “That’s while you be taught new expertise”.

He famous that jail officers had remarked that his cell was a “hearth hazard” because of the quantity of papers inside.

Freedman labored undercover for disgraced film-maker Harvey Weinstein, and has been a personal spy since leaving Black Dice in 2018.

The agency will meet a rising demand for personal espionage work that intelligence brokers stated had flourished as enforcement companies pared again investigations into insolvencies and white collar crime throughout a interval of austerity. Black Dice, based by veterans of Israeli intelligence company Mossad, has been among the many most excessive profile partly because of its work for Weinstein.

Hayes grew to become the primary banker to be convicted of a worldwide conspiracy to rig the Libor benchmark interest fee in 2015. Throughout his two-month trial the UK Severe Fraud Workplace portrayed the previous dealer because the “ringmaster” of a world plot to rig Libor.

He was launched in January after five-and-a-half years and claims new proof will present he was wrongfully convicted. The CCRC is contemplating as much as 9 grounds of attraction.

Hayes’ legal professionals have argued that the previous dealer was made a scapegoat for his managers — who Hayes claims knew of and supported his actions — and the banks themselves.

Hayes has a gentle type of Asperger’s syndrome, which he has cited as one component of his authorized problem towards conviction. Throughout his time at UBS in Tokyo between 2006 till 2009 he was a star derivatives dealer, incomes the financial institution greater than $280m in earnings.

Hayes and Freedman met by way of the unfold higher Simon Cawkwell. They may work collectively on a case towards Baron Alli of Norbury, who ran on-line trend enterprise Koovs, as soon as dubbed the “Asos of India”. The corporate collapsed in December 2019 and Freedman is performing for shareholders worn out by the collapse.

Freedman stated Hayes had diligent analysis expertise that will be helpful working as a spook. He has hung out advising civil litigants with their very own instances towards the British Banking Affiliation and numerous banks. Lots of these claimants visited him in jail.