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View Full Version : UBS Rogue Trade Fraud Loss Goes Higher - Forbes



FraudNews
09-19-2011, 06:49 PM
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Sydney Morning Herald (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFqKyPuUs7KUVp-LGmsdWImsLowww&url=http://www.smh.com.au/business/world-business/trader-hid-behind-hedges-20110919-1khwp.html)


UBS Rogue Trade Fraud Loss Goes Higher (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFJaePNUEOqBIsGJTuKadHW_MQD_A&url=http://www.forbes.com/2011/09/19/ubs-ups-loss-estimate-on-rogue-trades-sets-up-investigatory-committee-marketnewsvideo.html)
Forbes
... independent investigation of the rogue trading activities and their relation to the control environment at the firm. UBS noted that the trader in question, based in London, has been charged by United Kingdom authorities with fraud by abuse of position.
UBS fraud: rogue trader followed in Kerviel's footsteps (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNGouYjAmIJm6ce_QT1W42pz0lKJUg&url=http://www.risk.net/operational-risk-and-regulation/news/2110040/ubs-fraud-rogue-trader-followed-kerviels-footsteps)Risk.net
London court charges UBS trader with fraud (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNEovwg8pc39kV4kJ5tBCAu4LUQlng&url=http://www.allheadlinenews.com/articles/90060495?London%2520court%2520charges%2520UBS%2520 trader%2520with%2520fraud)AHN | All Headline News
Trader Accused Of Fraud Is 'Man Of Integrity' (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNH7dOwhqERKwO0vbT9IOli8DVvwZQ&url=http://news.sky.com/skynews/Home/Business/UBS-Trader-Kweku-Adoboli-In-Court-Over-Fraud-In-Connection-With-13bn-Trading-Loss-At-Swiss-Bank/Article/201003316071256?f%3Drss)Sky News
Business Standard (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFmU5r1Oi8JYf4FCIIC5pUSKLomjw&url=http://www.business-standard.com/india/news/rogue-trader-adoboli-chargedfraud/449643/) -NTDTV (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNE21WwZL0RrtsLvsXIHABlomKk8fA&url=http://english.ntdtv.com/ntdtv_en/news_europe/2011-09-19/ubs-trader-charged-with-fraud.html) -Sydney Morning Herald (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFRHwvxt4MOEuzCdggZmvOkWJC5DQ&url=http://news.smh.com.au/breaking-news-world/ubs-head-not-resigning-over-u2bn-fraud-20110918-1kfsq.html)
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