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Jailed LIBOR trader Tom Hayes is crowdfunding to raise £150,000 to appeal his conviction
Tom Hayes, the former banker convicted for his role in rigging the London Interbank Offered Rate (LIBOR) is trying to raise money for an appeal against his conviction — using a crowdfunding platform. Hayes, who could serve as long as 11-years in jail for his role in the scandal, is attempting to raise £150,000 on crowdfunding site FundRazr so that he can appeal his conviction. The news was first reported by Bloomberg. So far, the campaign, called "Please help Tom Hayes, the global LIBOR scapegoat" has managed to raise £2,135 in around four days. That's just over 1% of the total goal. There are 25 backers as ... (full story)