UBS rogue trader jailed

A rogue trader who lost £1.4 billion in bad deals has been jailed for seven years after being convicted of fraud. But Kweku Adoboli was acquitted of the four outstanding false accounting charges.

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Police: UBS rogue trader not a victimless crime

He [Kweku Adoboli] did so by breaking the rules, covering up lying. His actions amounted to fraud, the amount of money was staggering... This was not a victimless crime. People who commit fraud in any walk of life should know that the technicality of the case is not a barrier to bringing it to justice.

– CITY OF LONDON POLICE

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