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By Andrew Harris, Bloomberg |
April 16, 2013
Former MF Global Inc. broker Evan Brent Dooley was sentenced to 5 years in prison for making unlawful unauthorized trades that caused the now-defunct futures firm to lose more than $141 million in 2008.
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By Andrew Harris, Bloomberg |
December 11, 2012
A former MF Global Inc. broker pleaded guilty to federal commodities act violations after the U.S. accused him of making unauthorized trades that caused the now-defunct futures company to lose more than $141 million.
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By Lindsay Fortado and Jeremy Hodges, Bloomberg |
November 20, 2012
Former UBS AG trader Kweku Adoboli was found guilty of fraud in relation to a $2.3 billion loss, the largest from unauthorized trading in British history. He was cleared on four counts of false accounting.
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By Irene Frat |
October 24, 2012
The French appeals court upheld Jerome Kerviel's conviction, which may set the stage for other rogue trader punishment.
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By Irene Frat |
October 23, 2012
Former Société Générale trader Jerome Kerviel will know tomorrow afternoon whether he can “get on with his life” or will sleep in jail, as the French Court of Appeal gives its verdict.
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By Lindsay Fortado, Bloomberg |
October 9, 2012
Kweku Adoboli booked tens of thousands of real and fake trades during the summer of 2011 that exposed UBS AG to losses that may have escalated to $12 billion within weeks, a bank executive told a London court.
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By Kit Chellel and Lindsay Fortado, Bloomberg |
September 25, 2012
Kweku Adoboli’s co-workers knew he was making fictitious trades, the former UBS AG banker told an attorney who interviewed him on the night of his arrest in September 2011.
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By Lindsay Fortado and Ben Moshinsky, Bloomberg |
September 20, 2012
Kweku Adoboli’s lawyers said UBS AG had a culture that overlooked trading limits and other rules as long as employees made money.
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By Lindsay Fortado and Ben Moshinsky, Bloomberg |
September 19, 2012
Kweku Adoboli, the former UBS AG trader on trial for fraud and false accounting, missed a chance to erase billions of dollars in unauthorized trading losses, according to one of his managers at the bank.
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By Lindsay Fortado, Bloomberg |
September 17, 2012
Kweku Adoboli, the former trader on trial for allegedly costing UBS AG $2.3 billion from unauthorized trades, was in debt and had several spread-betting accounts in violation of the bank’s rules.
