The 31-year-old was first charged Friday , a day after he was arrested in connection with the discovery of unauthorized deals at UBS . Kwaku Adoboli faces four charges involving fraud and false accounting . The trader at Swiss bank UBS was arrested last week . UBS says it has lost $ 2.3 billion in unauthorized trading . TL;DR A South African man who allegedly defrauded a major U.S. financial institution of more than $1 million is being held on bail after he appeared before a judge for the first time since his arrest earlier
Kwaku Adoboli faces four charges involving fraud and false accounting . The trader at Swiss bank UBS was arrested last week . UBS says it has lost $ 2.3 billion in unauthorized trading . TL;DR A South African man who allegedly defrauded a major U.S. financial institution of more than $1 million is being held on bail after he appeared before a judge for the first time since his arrest earlier