According to the NY Times’ Dealbook the lawyer representing
Kweku M. Adoboli, a former UBS trader standing trial on fraud allegations, on
Monday likened his client to Spartacus, the main character in the 1960
Hollywood movie about a Thracian slave.
In his closing remarks to the jury, Charles Sherrard said
Mr. Adoboli was like Spartacus, who was portrayed by the actor Kirk Douglas,
because he stepped forward to take the blame. But unlike in the movie, where
Spartacus’s fellow gladiators all claimed to be Spartacus to avoid his being
singled out for punishment, Mr. Adoboli’s team members were only too happy for
him to take responsibility.
The prosecution previously argued that Mr. Adoboli was
“arrogant” and a “gambler” who sidestepped rules when it suited him. Mr. Adoboli,
32, is charged with six counts of fraud and false accounting in connection with
a $2.3 billion trading loss at UBS. He could face more than 10 years in prison
if convicted....
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