Thursday, April 19, 2012

UBS Rogue Trader Fights Back


Lawyers for Kweku Adoboli, a former UBS trader who allegedly caused a $2.3 billion loss from unauthorized trading, told a judge prosecutors aren’t providing them sufficient information, Bloomberg writes.  Defense attorney Charles Sherrard said he wants to know “the nature of any interviews” from disciplinary hearing with Adoboli’s co-workers on the Swiss bank’s Delta One trading desk.

Adoboli, 31, also should have a laptop computer to work on his defense from jail, Sherrard said at a hearing at a London criminal court today.
A judge agreed with a prosecution request to set the hearing on the disclosure motion for June and said prison officials should provide Adoboli with access to material regarding his case on compact disc or DVD.
The former trader has been in custody since his arrest by London police Sept. 15….

Want more?  Check out http://www.bloomberg.com/news/2012-04-18/ex-ubs-trader-adoboli-wants-disciplinary-hearing-data-laptop.html

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