Broker Told Prosecutors He Couldn't Ignore ‘Psychotic’ Hayes
- Prosecutors summarize broker interviews for jury Tuesday
- One broker told SFO he didn't know what Libor stood for
A combination photograph shows, top row from left to right, Darrell Read, Colin Goodman, Daniel Wilkinson, all former traders at ICAP Plc, bottom row from right to left Noel Cryan, a former broker at Tellett Prebon Plc, Terry Farr, a former broker at RP Martin Holdings Ltd., and James Gilmour, a former broker at RP Martin Holdings Ltd.
Photographs: BloombergSix brokers accused of helping former UBS Group AG trader Tom Hayes rig benchmark rates used a range of excuses during questioning by prosecutors, including blaming colleagues and not knowing what Libor meant.
The responses were summarized for jurors by prosecutors for the U.K. Serious Fraud Office on the sixth day of a criminal trial in London. One former Tullett Prebon Plc trader, Noel Cryan, said that he watched Hayes change from a shy, awkward rookie to an abusive trader with a “god syndrome.”