Ghanaian Born Kweku Adoboli Arrested for Rogue Trades Totaling $2 Billion at UBS

Ghanaian born trader Kweku Adoboli arrested in early morning raid in London after running up $2 billion in unauthorized trades at Swiss bank UBS, causing the stock to tumble seven percent.

Rogue trader Kweku Adoboli (Daily Mail)

A brother has finally joined the ranks of rogue traders with the arrest of Ghanaian Kweku Adoboli, 31, in London early Thursday morning. Adoboli, who worked at Swiss bank UBS, is suspected of losing £1.3 billion, that's about $2 billion. The bank's shares tumbled seven percent in trading as it warned the unauthorized trading could tip the firm into a third-quarter loss. Damn, they're going to literally skin him alive. According to the Daily Mail, UBS chief Oswald Gruebel told the staff yesterday, in a memo, that the rogue deals were discovered within the past 24 hours.