UBS Trader Loses 2 Billion. That’s Billion With a….. “F*(k What Just Happened!”

The reports that UBS trader Kweku Adoboli is accused of creating fraudulent accounts and then, not surprisingly, being less than honest when it came to the accounting side. Total loss around $2,000,000,000 (usd) give or take a few million.

Although there is a “feel good” side to this story since it was actually Mr. Adoboli who finally let his employers know what he was up to.  As such, if you have any accounting experience, can balance a checkbook, or even work an abacus it might be worthwhile to send your resume to the UBS oversight and accounting department.