Enrich plunged into the story in 2013, when Hayes began texting him and then meeting with him to discuss Libor, his criminal case and sometimes his increasingly fragile personal life – a goldmine for any reporter. These interactions turned into a captivating 2015 series for The Wall Street Journal, “The Unraveling of Tom Hayes.”
In the “The Spider Network,” published by HarperCollins, Enrich builds on this narrative, fleshing out Hayes’ rocky path to a banking career, his high-flying days as a trader in Japan and then his downward spiral after facing prosecution. At one point, his wife no longer trusted leaving their son home alone with the distraught Hayes.Sponsored Ads
More broadly, Enrich explores the gray areas where bankers push the envelope – and the disastrous consequences they can face if they’re caught, especially if their conversations are preserved in emails and chat sessions.