ormer UBS trader Kweku Adoboli was sentenced to seven years in prison on Tuesday after he was convicted of fraud for actions that caused the Swiss bank to lose $2.3 billion. During his trial, Adoboli, 32, argued that his aim was to generate profit for the bank, but the prosecution described him as a "gambler" who sidestepped rules as he saw fit. The verdict comes more than a year after Adoboli was arrested at the London offices of UBS after confessing in an email that he faked trades for years.
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