Tom Hayes, a former derivatives trader for UBS and Citigroup convicted for his alleged role in the manipulation of the London interbank offered rate from August 2006 through September 2010, was ordered to pay GBP 878,806 (approximately US $1.24 million). This amount was the relevant UK court’s assessment of the benefit Mr. Hayes received from his purported illicit actions. Mr. Hayes is currently serving an 11-year sentence for his alleged wrongdoing; the length of his term could be extended if he does not pay the amount of his so-called “confiscation order”