Bloomberg News

Ex-UBS Trader Adoboli Gets 7-Year Sentence for Fraud Conviction

November 20, 2012

Former UBS AG trader Kweku Adoboli

Former UBS AG trader Kweku Adoboli was sentenced to 7 years after being found guilty of fraud in relation to a $2.3 billion loss. Photographer: Simon Dawson/Bloomberg

Former UBS AG (UBSN) trader Kweku Adoboli was sentenced to 7 years by a London judge after being found guilty of fraud in relation to a $2.3 billion loss, the largest from unauthorized trading in British history. The court said he must serve at least half of that term.

To contact the editor responsible for this story: Christopher Scinta at cscinta@bloomberg.net


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