Why did the UK Supreme Court overturn these London traders’ criminal charges?

Former City traders convicted of the rate-rigging scandal have had their criminal charges overturned by the top UK court after years of fighting. Former UBS and Citigroup trader Tom Hayes was found guilty in August 2015 of conspiracy to defraud by ‘rigging’ the Libor. He was sentenced to 11 years in prison and was released after five and a half years. A former Barclays trader, Carlo Palombo, was found guilty in March 2019 of conspiracy to defraud by rigging the Euro Interbank Offered Rate (Euribor). Palombo served four years in prison. Click the link in our bio to read more about the story 🔗 #uk #london #news #legal #law #business #finance #banking #supremecourt #traders #trading #tomhayes #carlopalombo