UBS trader accused of fraud lost £123k of own cash on spread betting - The Guardian

[FraudNews]

table border=0 cellpadding=2 cellspacing=7 style=vertical-align:top;trtd width=80 align=center valign=topfont style=font-size:85%;font-family:arial,sans-serifa href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHkkYHK-RXhLSd_t8SsgCoj3OIG5Qamp;url=http://www.guardian.co.uk/business/2012/sep/17/usb-trader-accused-fraud-spread-betting?newsfeed%3Dtrueimg src=//nt0.ggpht.com/news/tbn/SA8X_c6kjAMd1M/0.jpg alt= border=1 width=80 height=48 /br /font size=-2The Guardian/font/a/font/tdtd valign=top class=jfont style=font-size:85%;font-family:arial,sans-serifbr /div style=padding-top:0.8em;img alt= height=1 width=1 //divdiv class=lha href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHkkYHK-RXhLSd_t8SsgCoj3OIG5Qamp;url=http://www.guardian.co.uk/business/2012/sep/17/usb-trader-accused-fraud-spread-betting?newsfeed%3DtruebUBS trader accused of bfraud/b #39;lost £123k of own cash on spread betting#39;/b/abr /font size=-1bfont color=#6f6f6fThe Guardian/font/b/fontbr /font size=-1His bank account also shows his monthly salary payments increased from £2,886.66 in October 2008 to £6,176.69 in October 2010. Adoboli, who worked for UBS#39;s Delta One trading desk, denies two charges of bfraud/b and two of false accounting dating back to b.../b/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNHKwHsJHDpn-7wtuKVxYnf1jK8_iAamp;url=http://www.risk.net/operational-risk-and-regulation/news/2205756/court-hears-details-of-rogue-trader-adobolis-fraudCourt hears details of rogue trader Adoboli#39;s bfraud/b/afont size=-1 color=#6f6f6fnobrRisk.net/nobr/font/fontbr /font size=-1a href=http://news.google.com/news/url?sa=tamp;fd=Ramp;usg=AFQjCNGvIbU6JuCXF2y5_okBjp 1-m1COlgamp;url=http://www.radionz.co.nz/news/world/116014/trader-had-gambler#39;s-mindset,-court-toldTrader had gambler#39;s mindset, court told/afont size=-1 color=#6f6f6fnobrRadio New Zealand/nobr/font/fontbr /font size=-1 class=p/fontbr /font class=p size=-1a class=p href=http://news.google.co.za/news/more?pz=1amp;ned=en_zaamp;ncl=d9zxj-EiI2y0H4Mv8b7ke9SSu_haMnobrball 36 news articlesnbsp;raquo;/b/nobr/a/font/div/font/td/tr/table

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