London (Reuters) - former ubs traders on Tuesday Kweku recep tayyip erdogan hits the convicted, and the loss of us $2.3 billion (140 billion pounds) of the Swiss bank in British history the biggest fraud.
Ghana was born hits the hut, 32 years old, is a senior traders to "exchange-traded funds" UBS investment bank department in London on the desk, and for bank for eight years.
He pleaded not guilty two accusations of fraud abuse the position and false accounting four charges, covering the period from October of 2008 to September 15 he was arrested.
The jury reached a unanimous verdict of guilty of indictment, he directly responsible for $2.3 billion dollars in damage number six. It involves his lack of hedge, billions of dollars worth of industry, in the summer of 2011.
In 10 weeks of test, the court thought the risk dollars, $1.2 billion on August 8, 2011 to reach the top, and while his desk's legal risk limit of $100 million dollars and 500000 days for the night.
She hits the defense to the charges, the bank has pushed traders to take greater risks to pursue more profit, it is not the risk limit were carried out, and the billions of dollars in transaction occurrence of time, he is suffering from burnout and had "out of control", his trade.
The jury brought in a verdict has not been met in the rest of the five count.
Behind sasser g criminal court trial chamber glass base, hits the hut to lower the head, when the captain of the jury found the number six.
Then the judge directed the jury to maintain consistent other five sentence attempt, but he said he will accept 9-1 majority verdicts.
The jury and then retire, in order to restore its deliberative residual count.
She hits his manager in an E-mail that loss, on September 14, 2011, the next day was arrested. A year later his trial began.
A wrapping ubs executives including former chief executive Oswald Gruebel, resigned, been dismissed or rejection scandal, but Banks and its management officials to resolutely denied that encourage break rules.
Bank cut its investment banking business scale,, although ETF table already live.
UBS shares fell 1.6%, in 1226 GMT, poor performance of the European banking index fell by 1.1%, this is 14.27 francs.




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