Updated Wednesday, July 30, 2014 as of 9:15 AM ET

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Adoboli Guilty of Fraud, Cleared of False Accounting by Jury

Lindsay Fortado and Jeremy Hodges

Former UBS AG trader Kweku Adoboli was found guilty of fraud in relation to a $2.3 billion loss, the largest from unauthorized trading in British history. He was cleared on four counts of false accounting.

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