Hayes' sentence was cut to 11 years in prison in December
Ex-UBS and Citi trader Tom Hayes,
convicted and imprisoned over the manipulation of Libor, has
been ordered to pay a confiscation order of £878,806 at
Southwark Crown Court on Wednesday.
Hayes is the first individual to be
convicted in the Libor-rigging scandal. He was convicted on
eight counts of conspiracy to defraud in August 2015 and
sentenced to 14 years in prison, reduced to 11 years on appeal in December.
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