The former trader at UBS and Citigroup Tom Hayes became the first private person accused of conspiracy to manipulate the global interbank interest rate Libor. The trial in London marks a new stage in the seven-year study that culminated fine of about 9 billion. Dollars to banks and brokerages to settle regulatory claims. The former trader was accused by the Office for fraud in large amounts in the United Kingdom (SFO) in 8 counts of conspiracy to fraud between 2006 and 2010. The offense carries a maximum sentence of 10 years and trader pleads not guilty .