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Bueno de Mesquita also works for clients who want him to help manipulate negotiations.
Under the heading "Challenges," the presentation also stated that storage was "needed to help manipulate physical spreads, adding to the overall transport/storage cost".
Former Tullett Prebon broker Noel Cryan, for example, had exchanged dozens of instant messages with Hayes in 2009 in which he pledged to help manipulate the rate.
Mr Cryan, a former Tullett Prebon broker, from Chislehurst, Kent, said Hayes was such an important client for his brokerage that he felt he could not refuse his requests to help manipulate the lending rate for fear of being sacked.
One banker at UBS, in asking a broker to help manipulate submissions, promised ample recompense:"I will fucking do one humongous deal with you... Like a 50, 000 buck deal, whatever.
Despite a reputation for offensive outbursts, Hayes was such an important client of Tullett Prebon, the firm Noel Cryan worked for, Mr Cryan claimed he felt he could not refuse Hayes' requests to help manipulate Libor lending rates for fear of being sacked, Southwark Crown Court has heard.
Similar(47)
"Spot's eye condition wouldn't have been as easily treatable if we hadn't had this hands-on relationship," says Giles. "At one point he was getting drops six times a day in his eyes and we could be in with him, comfort him and help manipulate the situation so it was as positive as it could be possibly for him".
UBS, based in Zurich, agreed to pay a $1.5 billion fine to the global authorities after admitting this month that it had helped manipulate a benchmark rate used to set mortgage and other interest rates.
Other financiers who also received presidential pardons included Mr. Rich's former partner, Pincus Green, who went with him to Switzerland and Salim B. Lewis, a trader who pleaded guilty to criminal charges that he had helped manipulate a stock price in 1986.
"With the assistance and agreement of others, I helped manipulate and overstate earnings, in order to falsely represent to banks that Adelphia was complying with certain material terms of its credit agreements, when in fact it was not," Mr. Brown testified at one point during that hearing.
The shoe designer Steven Madden pleaded not guilty yesterday to federal securities fraud charges that he helped manipulate 22 initial public offerings, including that of his own company.
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