UBS trader Kweku Adoboli was jailed for seven years on Tuesday for the biggest fraud in British history, which cost the Swiss bank $2.3 billion. The 32-year-old had admitted trading far in excess of authorised risk limits and booking fictitious trades to hide his true positions, but said everything he did was to make profits for UBS and was in line with the bank's culture. He wept in the dock as his lawyer asked the judge to show clemency, describing his Ghanaian-born client as a sensitive, hard-working young man who had tried too hard to do well. "The tragedy for you is that you had everything going for you," judge Brian Keith told Adoboli, citing his English private school education, his intelligence and natural charm. "Your fall from grace as a result of these convictions is spectacular," said the judge. "You were arrogant enough to think that the bank's rules for traders didn't apply to you." The prosecution had accused Adoboli of playing God with UBS's money in the belief
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