Rogue trader Kweku Adoboli fraud 'Caused Chaos'

Rogue trader Kweku Adoboli fraud 'Caused Chaos'

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Social Studies

University

Hard

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The transcript details the case of Kweku Adoboli, a former UBS employee accused of causing a 1.4 billion pound loss through fictitious deals. The prosecution alleges his actions were driven by personal gain, risking the bank's future. The financial impact was significant, with UBS's share price dropping by 10%. The case outlines Adoboli's motives, the discovery of the fraud, and the subsequent legal proceedings. Adoboli denies the charges, and the case continues in court.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the alleged financial loss caused by the fictitious deals?

Two new Wembley Stadiums

70,000 nurses' salaries

2.8 billion pounds

1.4 billion pounds

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What were Mr. Adoboli's motives for his actions according to the prosecution?

To improve the bank's reputation

To increase his bonus and status

To support a charity

To help his colleagues

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How did Mr. Adoboli's actions affect UBS's share price?

It doubled

It increased by 10%

It remained stable

It decreased by 10%

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did Mr. Adoboli do on September 14, 2011, that raised suspicion?

He went on a vacation

He sent a concerning email

He received a promotion

He attended a conference

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the immediate consequence of the fraud becoming public?

UBS's share price increased

The bank's reputation improved

UBS's share price dropped by 10%

Mr. Adoboli was promoted