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City trader jailed for Libor rigging freed after five years

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Tom Hayes hopes to rebuild his life and family after ‘traumatic’ time in custody

Tom Hayes, the City trader jailed for manipulating Libor interest rates, has been released from prison after serving what he called a “traumatic” five and a half years in custody.

The former star UBS and Citigroup trader was the first person to be convicted by a jury of rigging the financial industry benchmark and was released after serving half of his 11-year sentence.

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