Categorized | National News

Swiss Bank Swindled Out Of $2 Billion

Swiss Bank Swindled Out Of $2 Billion

An alleged trading scheme at UBS AG went undetected for three years before it was finally discovered, triggering a $2 billion loss, U.K. authorities indicated Friday as they charged a 31-year-old trader at the Swiss bank with fraud. Flanked by a newly hired lawyer from a top London firm, Kweku Adoboli briefly gaped at reporters…

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