Ex-UBS Trader Tom Hayes Loses UK Appeal Over Libor Crimes (3)

<-bsp-person state=”{“_id”:”0000018e-8041-d509-adee-89d14f3b0000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Tom Hayes-bsp-person>, the former star trader who became the face of the Libor scandal, lost an appeal to overturn his near decade-old criminal conviction, drastically narrowing any route to exoneration in English courts.

The Court of Appeal said Wednesday the ex-<-rte-company state=”{“_id”:”0000018e-8041-d509-adee-89d14f400000″,”_type”:”00000160-4b23-d8bd-adfd-4b3348fd0000″}”>UBS Group AG-rte-company> and Citigroup Inc. trader’s conviction over interest rate-rigging should stand as there was clear evidence that he deliberately manipulated the London interbank offered rate. Ex-<-rte-company state=”{“_id”:”0000018e-8041-d509-adee-89d14f400002″,”_type”:”00000160-4b23-d8bd-adfd-4b3348fd0000″}”>Barclays Plc-rte-company> trader <-bsp-person state=”{“_id”:”0000018e-8041-d509-adee-89d14f410000″,”_type”:”00000160-6f41-dae1-adf0-6ff519590003″}”>Carlo Palombo-bsp-person> also lost his appeal.

Tom Hayes, left, after losing his UK appeal in London.

Photographer: Hollie Adams/Bloomberg

Prosecutors alleged at separate trials that both men, along with a select group of bankers, manipulated key interest rate benchmarks …