Ex-UBS Trader Adoboli Guilty of $2.3 Billion U.K. Fraud

“Former UBS AG (UBSN) trader Kweku Adoboli was found guilty of fraud in relation to a $2.3 billion loss, the largest from unauthorized trading in British history.

Adoboli was convicted following a two-month-long London trial during which lawyers for the 32-year-old argued UBS managers pushed traders to take more risks and rule-breaking at the bank was rampant.”

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