Categories: People & Politics

10 Worst Traders of All Time

8. Kweku Adoboli (Loss: 2 billion)


Due to unauthorized trading, Adoboli was arrested under the suspicion of fraud. The case was considered at the time as the biggest ever happened at a Swiss bank and he pled not guilty for charges of false accounting and fraud. Adoboli used forward-setting ETF cash positions to disguise potential risks of his trades. He might use a glitch in the system where ETF transactions don’t require confirmations until settlement takes place. This allows payment to be sent before a transaction can be confirmed officially.

Related Post

Page: 1 2 3 4 5 6 7 8 9 10

Subash

Recent Posts

Top 10 Travel Friendly Cities

Having a warm reception when you go to a new city is always something people will worry about. We have…

October 12, 2014

Top 10 Of The Most Gorgeous Villages In The World

There are times where it is tempting to jump in a car, on a train, or even a plane to…

October 11, 2014

5 Amazing Yoga Retreats In The Caribbean

A gentle beach breeze, the calming rhythm of the waves easing in and out onto the powder soft sands of…

July 14, 2014

Top 5 Diesel Cars Under Rs 7 Lakh Budget

With increasing fuel prices, today's buyer is giving fuel efficiency more importance. If you are that type of car owner…

July 1, 2014

Budapest: 5 Great Tips For Your Weekend!

Dream to spend your weekend in a special way? Budapest is certainly what you shouldn’t miss! If you're a fan…

May 26, 2014

4 Tips To Purchase The Best Lonavala Property

Notwithstanding, contributing in land properties is not a matter of joke whether you buy property in IT city janapriya metropolis…

March 20, 2014