“Rogue trader” weeps as tells court he acted for good of UBS

Former UBS (UBSN.VX) trader Kweku Adoboli wept on Friday as he told a jury that his “off-book” trading was done for the benefit of the bank that meant everything to him.

Addressing the court for the first time in his long-running trial in London, Adoboli said he had no reason to believe he was doing anything wrong since he was doing it to generate profits and colleagues knew about it.

“UBS was my family and every single thing I did, every single bit of effort I put into that organization, was for the benefit of the bank,” said Adoboli, his voice breaking as he wept and thumped the witness box with his hand.

“That is everything I lived for … To find yourself in Wandsworth Prison for nine months because all you did was worked so hard for this bank,” he said through tears.

SOURCE: Reuters.