“”Mr. Adoboli had ceased to act as a professional investment banker and had begun to approach his work as a naked gambler,” Ms. Wass said.” Editor’s Comment: Just so there is no mistake about it, my opinion is that securitization never occurred and that all the paperwork was a cover-up for a complex PONZI scheme […]

Tags: Kweku M. Adoboli, securitization, UBS
Posted in bubble, Corruption, Eviction, securities fraud |