Ex-UBS traders - Adoboli copies Hayes method to raise funding for appeal

Gavel

Kweku Adoboli and Tom Hayes have more in common than working at UBS and jail. The men, who are both 36, have each turned to crowdfunding to raise money for their court appeals.

Bloomberg News reports that Adoboli, the former UBS trader convicted of causing a $2.3bn loss through unauthorized trading, has raised more than $14,480 in two days to fight deportation from the U.K. to Ghana. The FundRazr webpage features photographs of Adoboli, who was released from prison in 2015 after three years in prison, with various godchildren.

“His advisers anticipate that there may be multiple appeal stages ahead and that at least £75,000 ($98,617.50) is needed in order to fund his appeal against deportation,” according to his fundraising page. “We believe that Kweku’s deportation to Ghana is disproportionate, unjust and a breach of the essential human right to have our private and family lives respected.”

To access the complete Bloomberg News article hit the link below:

Ex-UBS Trader Adoboli, Like Hayes, Makes Crowdfunding Appeal

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