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Tom Hayes, a former UBS and Citigroup trader convicted of conspiracy to reference Libor, has joined a corporate intelligence agency run by former Black Cube operator Seth Freedman.
Hayes was released from prison in January and is struggling to overturn his sentence. He will join Freedman’s new agency, Red Mist, in June as a consultant, offering intelligence services focused on the white collar and financial mismanagement.
The trader said he had learned new skills while working on his appeal in prison, and is being investigated by the Criminal Case Review Commission, a body that investigates errors of justice. The CCRC will determine whether Hayes’ case will be returned to the Court of Appeal in June.
Hayes said in his case he needed a job that would allow him to continue working, and that corporate espionage matched his abilities.
“I spent a lot of time [in prison] through [court documents] written in the smallest font and read hundreds of thousands of files, “the 41-year-old told the Financial Times.” Sarah is something [his ex-wife, a lawyer] he says I’m good. “
“No one is fighting harder than fighting for one’s freedom,” he added. “Then you learn new skills.”
Prison officials warned that due to the volume of paper inside, his cell was in “fire risk.”
Freedman secretly worked for the shameless filmmaker Harvey Weinstein, and has been a private spy since he left the Black Cube in 2018.
The company will respond to a growing demand for private espionage work, according to intelligence agents it blossomed enforcement agencies reduced investigations into misdemeanors and white-collar crimes during the reduction period. The Black Cube, created by veterans of the Israeli intelligence agency Mossad, has been one of the largest in part because of its work on behalf of Weinstein.
Hayes became a first-rate banker because of a global conspiracy to convict him Libor reference interest rate in 2015. At the two-month trial, the UK’s Serious Fraud Office portrayed the former trader as the “ringmaster” of an international plot to exchange Libor.
He was released in January after five and a half years, and new evidence shows that he was convicted of wrongdoing. The CCRC is examining nine grounds for appeal.
Hayes’ lawyers have complained that the former trader was made hat for his managers — Hayes says he knew and supported his actions — as well as for the banks.
Hayes has a mild form of Asperger’s syndrome, which he cites as an element of a legal challenge against conviction. He was a star derivative trader at UBS in Tokyo until 2006 and 2009, earning more than $ 280 million from the bank.
Hayes and Freedman met Simon Cawkwell through the expansion. They will work together on a lawsuit against Baron Alli of Norbury, a lawsuit that ran Koovs ’online fashion business, once called“ Asos of India ”. The company collapsed in December 2019 and Freedman is acting on behalf of shareholders who eliminated the collapse.
Freedman said Hayes had rigorous research skills that would be useful for working as a terrifier. He has spent time advising civil litigation with cases against the British Banking Association and various banks. Many of these plaintiffs visited the prison.
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