UBS Trader Kweku Adoboli Hires Firm That Advised Nick Leeson
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Kweku Adoboli, the trader arrested yesterday on suspicion of fraud at UBS AG, hired lawyers at Kingsley Napley LLP in London to represent him, a spokeswoman for the law firm said today in a phone interview.
Adoboli, 31, worked on the bank’s Delta One desk and was arrested by London police yesterday after the Swiss bank said that unauthorized trades caused a $2 billion loss. He’s being held at a City of London police station pending an investigation into allegations of fraud and abuse of position.