Convicted London interbank loan trader Tom Hayes joins a private espionage company

Former UBS and Citigroup trader Tom Hayes was found guilty of conspiracy to manipulate the Libor benchmark. He joined a company run by former Black Cube operator Seth Freedman Intelligence agency.

Hayes was released from prison In January And is working hard to overthrow his beliefs. He will join Freedman’s new agency, Red Mist, in June as a consultant, providing intelligence services against white-collar workers and financial misconduct.

The businessman said that he had learned new skills in prison during the appeal and is currently being reviewed by the Criminal Cases Review Commission, which is investigating possible judicial injustices. The CCRC will determine whether Hayes’ case will return to the Court of Appeal in June.

Hayes said he needed a job that would enable him to continue to handle the case, and the company’s spying work matched his skills.

“I spent a lot of time [in prison] Going through [court documents] The 41-year-old told the Financial Times. “This is Sarah’s business [his ex-wife, a lawyer] Say I am good at it. “

He added: “No one fights for their freedom.” “That’s when you learn new skills.”

He pointed out that prison officials had said that because of the many documents in it, his cell had a “hazard of fire.”

Freedman worked secretly for the little-known filmmaker Harvey Weinstein and has been a private spy since leaving the Black Cube in 2018.

Intelligence personnel said the company will meet the growing demand for private espionage work. Flourish Law enforcement agencies reduced their investigations into insolvency and white-collar crime during the austerity period. The Black Cube, founded by veterans of the Israeli intelligence agency Mossad, has become the most watched figure, partly because of its work for Weinstein.

Hayes became the first banker convicted of a global conspiracy to manipulate the banking industry. London Interbank Offered Rate Benchmark Rate The British Serious Fraud Office described the former trader as the “planner” of the international drilling platform Libor in a two-month trial.

He was released in January five and a half years later and claimed that there was new evidence that he was wrongly convicted. CCRC is considering up to 9 grounds for appeal.

Hayes’ lawyer argued that the former businessman was scapegoat For his managers (Hayes claims to know and support his actions) and the bank itself.

Hayes suffers from mild Asperger’s syndrome, which he sees as one of the legal challenges to conviction. From 2006 to 2009, when he worked at UBS in Tokyo, he was a star derivatives trader and earned more than US$280 million in profits for the bank.

Hayes and Friedman met through the better Simon Cawkwell. They will jointly file a lawsuit against Baron Alli of Norbury, who used to run an online fashion company Koovs and was once known as the “Asos of India.” The company went bankrupt in December 2019, and Freedman represented shareholders who died as a result of the bankruptcy.

Friedman said that Hayes has diligent research skills, which is useful as a devils. He spent a lot of time advising civil litigants on cases against the British Banking Association and several banks. Many of these claimants visited him in prison.

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