Kweku Adoboli, an ETF trader at UBS, is suspected of unauthorised trading which cost the bank £1.3bn. But UBS is far from alone in suffering the sting of internal fraud, as this gallery of the world's most infamous rogue traders shows...
Jerome Kerviel: Loss of £3.5bn Outside the Madoff Ponzi scheme, Kerviel's losses from bad deals on the European markets are reported to be the largest fraud in banking history. The former Societe Generale trader "breached five levels of controls" in the bank, and was "a genius of fraud", according to Christian Noyer, the governor of the Bank of France. Kerviel - who made no personal financial gain on the fraud - was sentenced in October 2010 to three years in prison by a Paris court. Yasuo Hamanaka: Loss of £1.6bn Japanese trading house Sumitomo Corp fell victim to a t...
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