CLEAN : UBS trader who lost $2.3bn jailed

CLEAN : UBS trader who lost $2.3bn jailed

Assessment

Interactive Video

Business, Social Studies

9th - 12th Grade

Hard

Created by

Quizizz Content

FREE Resource

The video discusses a major fraud case involving a sophisticated fraudster in London who caused a significant financial loss to UBS bank. The fraudster was captured and brought to justice, highlighting that no one is above the law. The video details the fraudulent actions, including rule-breaking and dishonesty, which led to a loss of 2.3 billion USD.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the main focus of the initial section of the video?

The arrest of a fraudster in New York

The sophistication of a fraudster in London

A new law passed in London

A bank's new security measures

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the key message about the fraudster's situation a year later?

He has escaped punishment

He is above the law

He will face consequences for his actions

He has been pardoned

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the jury's main question regarding Quaker Aboli's actions?

Whether he was a good employee

Whether he was a victim of circumstances

Whether he followed all the rules

Whether he acted dishonestly causing a loss

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How much financial loss did Quaker Aboli cause to UBS?

3.5 billion U.S. dollars

4.7 billion U.S. dollars

1 billion U.S. dollars

2.3 billion U.S. dollars

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What actions did Quaker Aboli take that amounted to fraud?

He followed all company policies

He was transparent in his dealings

He broke rules, covered up, and lied

He reported all his actions to the authorities