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UBS rogue trader gets seven years in jail

UBS rogue trader Kweku Adoboli was given a seven-year jail sentence on Tuesday after being convicted of two counts of fraud resulting in the Swiss bank's losing $2.3 billion.

He will serve half his sentence minus a year already spent in custody - a total of 2-1/2 years.

Former UBS trader Kweko Adoboli arrives at Southwark Crown Court in London, November 20, 2012. The jury in the London trial of former UBS trader Kweku Adoboli, who is blamed for a loss of $2.3 billion, continues to consider its verdicts. REUTERS/Stefan Wermuth (BRITAIN - Tags: BUSINESS CRIME LAW). Credit: REUTERS

Adoboli was earlier acquitted at Southwark Crown Court of four related charges of false accounting. - Reuters

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