[ad_1]
Tom Hayes, a former UBS and Citigroup trader convicted of a conspiracy to equip the Libor benchmark, has joined a corporate intelligence agency run by former Black Cube operative Seth Freedman.
Hayes was released from prison in January and struggles to nullify his conviction. He will join Freedman’s new agency, Red Mist, in June as a consultant, providing intelligence services focused on white-collar and financial defaults.
The trader said he had learned new skills in prison while working on his appeal, which is being reviewed by the Criminal Case Review Commission, a body that investigates possible judicial abortions. The CCRC will determine whether Hayes’ case will return to the appellate court in June.
Hayes said he needed a job that would allow him to continue working on his case, and that corporate espionage matched his skill set.
“I spent a lot of time [in prison] passing by [court documents] written in the smallest font and reading hundreds of thousands of files, ”the 41-year-old told the Financial Times. “It’s one thing, Sarah [his ex-wife, a lawyer] he says I’m good at it. “
“No one fights harder than someone who fights for their own freedom,” he added. “That’s when you learn new skills.”
He noted that prison officers had remarked that his cell was a “fire hazard” due to the volume of papers inside.
Freedman secretly worked for disgraced filmmaker Harvey Weinstein and has been a private spy since he left Black Cube in 2018.
The firm will respond to a growing demand for private espionage work, intelligence agents said. it had blossomed while enforcement agencies reduced investigations into insolvencies and white-collar crimes during a period of austerity. Black Cube, founded by veterans of the Israeli intelligence agency Mossad, has been one of the most prominent in part because of his work for Weinstein.
Hayes became the first banker to be convicted of a worldwide conspiracy to fix the system Libor reference interest during its two-month trial, the UK’s Serious Fraud Office portrayed the former trader as the “ring master” of an international conspiracy to rig Libor.
He was released in January after five and a half years and claims new evidence will show he was wrongfully convicted. The CCRC is studying up to nine grounds of appeal.
Hayes’ lawyers have argued that the former merchant was created a scapegoat for his trustees, which Hayes claims he knew and supported his shares, and the banks themselves.
Hayes has a mild form of Asperger’s Syndrome, which he has cited as an element of his legal appeal against the conviction. During his time at UBS in Tokyo between 2006 and 2009, he was a star derivative operator, earning the bank more than $ 280 million in profits.
Hayes and Freedman met through the best broadcast of Simon Cawkwell. They will work together in a case against Baron Alli of Norbury, who ran the online fashion business Koovs, once christened “Asos of India”. The company collapsed in December 2019 and Freedman is acting for shareholders destroyed by the collapse.
Freedman said Hayes had diligent research skills that would be useful for working as a frightener. He has spent time advising civil litigants with his own cases against the British Banking Association and various banks. Many of these claimants visited him in prison.
[ad_2]
Source link
