Rogue trader Kweku Adoboli found guilty of fraud over £1.4billion UBS losses

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A rogue trader who lost £1.4 billion in bad deals which nearly brought down a major international bank was found guilty of fraud today.

At one point during his run of losses, rising star City trader Kweku Adoboli, 32, stood to run up losses of $12 billion (£7.5 billion) for employer UBS.

The Ghanaian-born former public schoolboy exceeded his multi million-pound trading limits and failed to hedge trades, allegedly faking records to cover his tracks at the Swiss bank’s London office. Click below for full story -