JPMorgan Trader, ICAP Broker Helped Hayes Rig Libor, SFO Says
- Hayes referred to as `Choc Ice,' `Tombo' in 2007 phone call
- So do you wander over, give him the odd Mars bar? broker asks
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A former trader at JPMorgan Chase & Co. hatched a plan with a broker at ICAP Plc to help Tom Hayes rig Libor by buttering up the U.S. bank’s new rate setter, according to recorded phone calls played to a London jury Thursday.
Stuart Wiley in an August 2007 phone conversation with ICAP broker Danny Wilkinson openly discussed manipulating the benchmark, prosecutors at the U.K. Serious Fraud Office said. Hayes, the former UBS Group AG and Citigroup Inc. trader who was convicted of rigging the London interbank offered rate in August, was referred to by the nickname Choc Ice.