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“Every industry is new, things happen as companies are young, and this is about opportunity going forward.”Lumosity definitely hyped its products, and used an aggressive advertising campaign similar to what you’d see for a regular, non-”brain training” game or consumer electronics product. He is one of a group of scientists who signed an open letter saying Lumosity made exaggerated claims in 2014.

It’s important to note, however, that Gazzaley serves on the board of a neuroscience gaming company called Akili that works in the same sphere as Lumosity.

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Many anonymous traders are implicated in the tall stack of documents regulators published this week detailing Royal Bank of Scotland Group PLC’s attempts to rig the lending benchmark known as Libor.

But only one trader is cited by name: a 33-year-old so brainy yet socially awkward that colleagues nicknamed him “Rain Man.” Regulators portray that man, Tom Hayes, as the connective tissue in pervasive efforts by several banks to boost trading profits by manipulating the London interbank offered rate.

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The goal of some at the bank was to enable Hayes to manipulate that rate, said people familiar with the decision. The UBS Japanese unit where Hayes worked pleaded guilty to U. In a text message to The Wall Street Journal, he said: “This goes much much higher than me.” See full story at

Hayes soon morphed from coveted asset to liability. Jennifer Arcuri, a friend of Hayes’s, said he is cooperating with British authorities and pointing the finger at former superiors. “He had no idea this was going to come back at him.” Trying to rig Libor “was common industry practice,” she said.

When Citigroup in 2009 sought to lure him away from UBS with a million job offer, some at UBS fought to keep Hayes by telling UBS executives of his ability to tap contacts who could nudge Libor up or down. He is also under investigation in Britain, where he was arrested in December but hasn’t been charged and remains free.

His “strong connections with Libor setters in London [are] invaluable,” his boss wrote in an email to executives, including one who now runs the bank’s noncore division. With his expertise in hand, the bank signed up to help set the Tokyo counterpart of Libor. Hayes hasn’t filed a plea to the Department of Justice charges.

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