Court hears details of rogue trader Adoboli’s fraud
Rogue trades went undetected for almost three years, prosecution says
UBS exchange-traded fund (ETF) trader Kweku Adoboli spent three years concealing his unauthorised trades by falsifying records and shuffling money around, a London court heard on Friday.
Adoboli has been charged with two counts of false accounting and two counts of fraud by abuse of position between October 2008 and September 2011. His trial in Southwark Crown Court began last week.
Sasha Wass, representing the prosecution, claimed Adoboli had used three main techniques to conceal his
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