Saturday 12 July 2014

Rising star falls to Earth as gambling addiction surfaces

Margaret Davis

Published 21/11/2012|05:00

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KWEKU Adoboli was seen as a "rising star" at UBS but his apparent success masked a fascination with gambling that poisoned his professional and personal life.

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The 32-year-old as well as taking risks at work, was involved in spread-betting, and in one year personally lost £123,000 (€153,000) – most of his disposable income.

Detective Chief Inspector Perry Stokes, of City of London Police, said: "He was a hard worker, he spent a lot of hours working, but we know a lot of that was spent on covering up his fictitious trades and his activity.

"We know about his interest in spread-betting so a lot of his income went on that."

Irish Independent

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