UBS trader Kweku Adoboli, accused over the Swiss banking giant's $2.3 billion losses from unauthorized trades, was "sorry beyond words," his attorney said Thursday, the NY Post reports.
Adoboli, 31, who was charged with four counts of fraud and false accounting, did not enter a plea as he appeared in court in London. He was remanded back into custody until Oct. 20.
Lawyer Patrick Gibb, told the City of London Magistrates Court that his client was "sorry beyond words for what has happened. He went to UBS and told them what he had done, and stands now appalled at the scale of the consequences of his disastrous miscalculations."
Read the rest at http://www.nypost.com/p/news/international/ubs_trader_kweku_adoboli_sorry_for_J7SdOuo9LOs12g0L5Aqz5N#ixzz1Yh7mfWvy
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