Adoboli Was in Debt, Had Spread-Bet Accounts

pico · 09-17-12, 10:52 AM

Adoboli’s personal bank accounts were mostly overdrawn and he had borrowed money from various short-term lenders, she said. At UBS, his pay rose from 40,500 pounds ($65,800) in 2005 to 360,000 pounds in 2010, including bonus, another prosecutor said at the opening day of his trial last week. He lost 123,000 pounds through his personal trading with IG Index, Schutzer- Weissmann said today. Adoboli’s lawyers agreed not to challenge the information provided by the prosecutor.

Brock Landers · 09-17-12, 11:02 AM

wtt0315 · 09-17-12, 11:05 AM

I think pico thought he was on the wall street journal forum

Br0nxer · 09-17-12, 11:27 AM

Huh

ApricotSinner32 · 09-17-12, 11:29 AM

Pico you live in the slums of hong kong who gives a fuk?

sickler · 09-17-12, 01:08 PM

Who what ???

jjgold · 09-17-12, 02:18 PM

I have heard of this guy

What balls trying to gamble with 5 billion

The former trader apologized and admitted he’d risked $5 billion on Standard and Poor’s 500 futures and a further $3.75 billion in the German futures market, another prosecutor, Sasha Wass, said in her opening arguments

Spread Betting accounts in the UK are financial bookmakers that take bets on various stock exchanges around globe