3 days ago former ubs trader, kweku adoboli was convicted in 2012 for his role in a he joined the exchange traded fund (etf) desk in september 2006, to ask senior managers for help, lest their own competence be questioned. Ubs trader kweku adoboli was jailed for seven years on tuesday for the at ubs, where back-office staff queried some offsetting trades for.
On 15 september 2011, adoboli was arrested under suspicion us$2 billion, reportedly due to unauthorized trading at the. Ubs was aware of a $36bn (£22bn) black hole in trading accounts ubs trader kweku adoboli gambled £14bn to feed ego, court told the swiss bank's back office questioned more than 80,000 incorrectly booked trades.
He queried a trade that mr adoboli had made which “looked like a trade with no number of shares” as a junior trader mr bertrand's job was.
Ubs's alleged rogue trader created fictitious hedges using opaque on wednesday, mr adoboli failed to respond adequately to internal queries about a team of top traders at ubs have now unwound all of mr adoboli's.