Trader who cost UBS bank $2.3 billion freed from prison after serving half of 7-year sentence

June 24, 2015 3:12 PM

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Trader who cost UBS bank $2.3 billion freed from prison after serving half of 7-year sentence

FILE This Tuesday, Sept. 18, 2012 file photo shows former trader Kweku Adoboli leaving Southwark Crown Court in London for a lunch break from his trial at the court. A rogue trader who lost $2.2 billion in bad deals at Swiss bank UBS was convicted of fraud on Tuesday, Nov. 20, 2012. It emerged Wednesday June 24, 2015 that Adoboli was released from prison last week after serving half of his seven-year sentence. (AP Photo/Sang Tan) (The Associated Press)

LONDON – A former UBS trader convicted of a fraud that lost the Swiss bank 1.4 billion pounds ($2.3 billion) has been freed from prison after serving about half his seven-year sentence.

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