Allegations of Exploiting Vulnerability
Hayes contends that UBS knowingly exploited his neurological condition, calling him “especially vulnerable” and “a perfect scapegoat.” His psychiatrist reportedly confirmed that his autism led to “perfectionist tendencies” and an “unquestioning adherence to authority,” traits that made him unlikely to challenge directives from senior staff.
UBS allegedly leveraged these traits when it decided to “sacrifice” him to regulators. “They weaponized my trust,” Hayes said.
Legal Teams and Next Steps
Hayes is represented by Robert M. Frost Jr. of Frost Law LLC and Jonathan Harris, John Millson, and Tina Lapsia of Harris St. Laurent & Wechsler LLP.
UBS has not yet filed a response, and its legal counsel has not been publicly identified. The bank declined to comment Monday.
A $400 Million Fight for Redemption
For Hayes, the lawsuit is more than a quest for compensation — it’s a reckoning against institutional betrayal.
“Even though I’ve cleared my name,” Hayes said, “UBS’s egregious conduct has irreversibly ruined my life. This case is about accountability.”
If successful, the UBS $400M Malicious Prosecution Suit could open the floodgates for other wrongfully accused financial professionals — and force a hard look at how global banks rewrite history when the spotlight turns too bright.
