The Canadian Press - ONLINE EDITION

UBS trader jailed for $2.2 billion fraud seeks to appeal conviction

  • Print

LONDON - Britain's Court of Appeal says a former UBS trader found guilty of a fraud that lost the Swiss bank $2.2 billion is seeking to appeal his conviction.

Kweku Adoboli was convicted of two counts of fraud in November and sentenced to seven years in prison.

Prosecutors said the London-based trader, now 32, exceeded his trading limits and failed to cover his losses, then faked records to cover his tracks. They called it the biggest bank fraud ever seen in Britain.

Adoboli claimed he had been trying to help the bank survive the financial crisis.

The court said Friday that Adoboli had filed an application for permission to appeal in December.

A judge will now decide whether permission should be granted. No date has been set for a hearing.

Fact Check

Fact Check

Have you found an error, or know of something we’ve missed in one of our stories?
Please use the form below and let us know.

* Required
  • Please post the headline of the story or the title of the video with the error.

  • Please post exactly what was wrong with the story.

  • Please indicate your source for the correct information.

  • Yes

    No

  • This will only be used to contact you if we have a question about your submission, it will not be used to identify you or be published.

  • Cancel

Having problems with the form?

Contact Us Directly
  • Print

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

You can comment on most stories on winnipegfreepress.com. You can also agree or disagree with other comments. All you need to do is be a Winnipeg Free Press print or e-edition subscriber to join the conversation and give your feedback.

Have Your Say

New to commenting? Check out our Frequently Asked Questions.

Have Your Say

Comments are open to Winnipeg Free Press print or e-edition subscribers only. why?

Have Your Say

Comments are open to Winnipeg Free Press Subscribers only. why?

The Winnipeg Free Press does not necessarily endorse any of the views posted. By submitting your comment, you agree to our Terms and Conditions. These terms were revised effective April 16, 2010.

letters

Make text: Larger | Smaller

LATEST VIDEO

Waywayseecappo Community School at We Day 2014

View more like this

Photo Store Gallery

  • KEN GIGLIOTTI  WINNIPEG FREE PRESS / July 23 2009 - 090723 - Bart Kives story - Harry Lazarenko Annual River Bank Tour - receding water from summer rains and erosion  damage by flood  and ice  during spring flooding -  Red River , Lyndale Dr. damage to tree roots , river bank damage  , high water marks after 2009 Flood - POY
  • Marc Gallant/Winnipeg Free Press. Local/Standup- BABY BISON. Fort Whyte Centre's newest mother gently nudges her 50 pound, female bull calf awake. Calf born yesterday. 25 now in herd. Four more calfs are expected over the next four weeks. It is the bison's second calf. June 7, 2002.

View More Gallery Photos

Poll

Are you in favour of the Harper government's new 'family tax cut'?

View Results

View Related Story

Ads by Google