Court rules that UBS trader should stay in custody - Newsday

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Originally published: September 22, 2011 5:40 AM
Updated: September 22, 2011 7:16 AM
By The Associated Press

Quick ReadBritish court: Alleged UBS rogue trader Kweku Adoboli must remain in custody

(AP) -- A London court has ordered an alleged renegade trader accused of losing Swiss banking giant UBS about $2.3 billion to be held in jail until a hearing next month.

Kweku Adoboli is charged with four offenses of fraud and false accounting dating back to 2008 and accused of racking up losses in authorized trades.

Presiding magistrates Alison Gowman told Adoboli Thursday he would...

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