Finance Foggle

  Key Takeaways UK Supreme Court quashed Tom Hayes and Carlo Palombo’s convictions due to unfair trials . Jury misdirection deemed central to unsafe convictions—no retrial planned . Traders served 5.5 and 4 years respectively; Hayes lost family, career, mental health . Cases expose alleged scapegoating post-2008 crisis; US cleared all similar charges by 2022 . 7 other UK convictions may be challenged; calls for SFO reform and public inquiry . The Gavel Falls — Differently The wood-paneled silence of the UK Supreme Court cracked open yesterday. Tom Hayes and Carlo Palombo walked in as convicted felons. They walked out cleared men. Ten years of appeals, prison time, broken marriages—gone with a judicial pen stroke. The court didn’t exonerate their actions. It shredded the trials that put them away. Jury instructions were flawed. Unfair. Unsafe. The  Serious Fraud Office  won’t retry. Too late anyway . Who Were These Men? Tom Hayes traded for UBS and Citigroup. Carlo Palombo...