What did Kweku Adoboli do wrong?
What did Kweku Adoboli do wrong?
Adoboli had reportedly concealed speculative trades in various S&P 500, DAX and Euro Stoxx index futures. He was charged with fraud and false accounting but was only convicted of fraud.
What did adoboli do?
Former UBS trader, Kweku Adoboli was convicted in 2012 for his role in a US$2.3 billion bank fraud. He was released from prison in June 2015, having served four years of a seven-year sentence, but now faces deportation to his native Ghana, despite not living there since the age of four.
Is Kweku Adoboli British?
‘Compelling reasons’ Adoboli served four years of a seven-year sentence for a £1.4bn fraud and was released in 2015. He was born in Ghana but left when he was four and has lived in the UK since he was 12.
What did Kweku Adoboli trade?
Kweku Adoboli (born 21 May 1980) is a Ghanaian investment manager and former stock trader. He was convicted of illegally trading away US$2 billion (GB£1.3 billion) as a trader for Swiss investment bank UBS….
| Kweku Adoboli | |
|---|---|
| Known for | 2011 UBS rogue trader scandal |
What is the meaning of Kweku?
Kwaku (Kweku, Kuuku, Korku, Kɔku, Kouakou), is an Akan given name for male children born on Wednesday to the Akan and Ewe ethnic groups. Historically, Akan birthday names are associated with appellations that give an indication of the character of people born on such days.
What happened to Bruno Iksil?
Bruno Iksil achieved Wall Street notoriety with one of the worst trades in history. He lost $6.2 billion — more than three times the yearly budget of the Securities and Exchange Commission — placing risky bets on complex financial instruments while working for JPMorgan Chase.
Does China own UBS?
Since 2018, it is a subsidiary of the Swiss bank UBS….UBS Securities, China branch.
| Total equity | CN¥1.886 billion (2015) |
| Owner | UBS Group (51%) Beijing SAM (33%) Guangdong Comm. Group (14.01%) China Guodian (1.99%) |
| Parent | UBS Group |
| Chinese name | |
|---|---|
| Simplified Chinese | 瑞银证券有限责任公司 |
What is Jerome Kerviel doing now?
Jerome Kerviel is now working as a constant in France after serving his three-year prison term.
What is the meaning of Kwabena?
born on a Tuesday
Kwabena is an Akan masculine given name among the Akan people (i.e. Ashanti, Akuapem, Akyem, Fante) in Ghana that means “born on a Tuesday” in Akan language, following their day naming system.
What is the meaning of Kojo?
Born On Monday
The name Kojo is primarily a male name of African – Ashanti of Ghana origin that means Born On Monday.