He argued at trial that his managers pushed him to take too many risks and that rule-breaking at the bank was rampant.
Bloomberg News reports that lawyers for Adoboli are scheduled to ask an appeals court in London today to grant him the chance to argue that the conviction should be thrown out. His initial claim was already rejected by a judge in July 2013, without a hearing taking place.
Adoboli was convicted in November 2012 of two counts of fraud for causing the loss at the bank’s London unit. He argued at trial that managers at UBS pushed him to take too many risks and that rule-breaking at the bank was rampant.
While he admitted causing the loss, he said it wasn’t done dishonestly. Adoboli was ordered to serve at least half of his sentence.
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