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CNN POLITICS ON FACEBOOK » | CNN POLITICS ON TWITTER »
November 20th, 2012
09:58 AM ET
Former trader guilty of fraud after 'staggering' loss
A former trader for Swiss banking giant UBS was convicted Tuesday on two counts of fraud in connection with what prosecutors called a "staggering" $2.3 billion loss in unauthorized trading.
The court found Kweku Adoboli guilty of two counts of fraud by abuse of position. He was acquitted on four other charges.
FULL STORY
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Iran's Atomic Energy Organization condemned an incident at the Natanz nuclear facility, calling it a "terrorist actâ€twitter.com/i/web/status/1…pz
RT @CNNSotu: CNN’@jaketapperer on the legacy of the Civil War 160 years after it began: "In some parts of the country and in the hearts and…
Iran says there was an "incident" at a nuclear plant, a day after the government said it was launching over 150 newâ€twitter.com/i/web/status/1…30
@TonyBruin Oh wow that seems like a lifetime ago
Germany's Miniatur Wunderland has set a new world record for the longest melody played by a model trainâ€twitter.com/i/web/status/1…An
Preposterous! How One trader could run amuck with 2B in trades without oversight is unfathomable. I guess by his conviction, the bank loses all culpability?
Agreed
One would think someone would have noticed after say, oh, the first billion was lost...