UBS rogue trader sentenced to seven years' jail

LONDON Tue Nov 20, 2012 9:37am EST

LONDON Nov 20 (Reuters) - 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.

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

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article