UBS Trader Charged With Fraud

16 Sep 2011

Kweku Adoboli, a senior trader in UBS global synthetic equities, allegedly responsible for bank losses totaling USD2 billion as a result of unauthorized trades, has been charged in the U.S. with fraud and false accounting.

Kweku Adoboli, a senior trader in UBS global synthetic equities, allegedly responsible for bank losses totaling USD2 billion as a result of unauthorized trades, has been charged in the U.S. with fraud and false accounting. The charges state that Adoboli, among other things, falsified “an exchange traded fund ...

Already a subscriber?

Continue reading this article

Try full access to GlobalCapital

Free trial