Tom Hayes and Carlo Palombo are among 37 traders from the financial sector whose cases are currently being reviewed by the UK Supreme Court. These individuals were prosecuted on allegations of manipulating key interest rate benchmarks, a practice commonly referred to as 'rate rigging.' The Supreme Court's decision will address whether the actions of these traders constituted criminal conduct under existing laws at the time. The review follows years of legal debate and appeals, with the traders arguing that they were unfairly targeted as scapegoats for broader systemic issues in the financial industry. The outcome of the Supreme Court's deliberations may set a precedent for how similar cases are handled in the future and could impact the status of previous convictions related to financial benchmark manipulation. Interest rate benchmarks, such as LIBOR and EURIBOR, play a critical role in global financial markets, influencing the cost of loans and other financial products. The manipulation of these rates has led to widespread regulatory reforms and increased scrutiny of financial institutions.