We present our 2012 playoff machine. For the rest of the regular season, you can follow and project potential playoff berth and seeding by using this tool.Sure, there isn't much playoff intrigue in the AFC West right this moment, but spend some time on the playoff machine to see how things can change or to see how high Denver (which has a three-game lead in the division with the tiebreaker with six games to go) can climb up the AFC playoff seeding ladder. He lost 123,Solar Laptop charger000 pounds on spread-betting in the year before his arrest and took short-term loans from firms like Wonga.Swimming gogglescom and Moneybox."You were not able to live on your enormous salary because you could not stop yourself from gambling," Wass said.Spread-betting,Motion sensor light Adoboli countered, was common among City traders, "like a taxi driver driving his own taxi home".
Though found guilty of fraud, the jury was to find him not guilty of the four false accounting charges, for which they needed to be certain he acted for personal financial gain.Ski goggles"SLUSH ACCOUNT"The defense team produced transcripts of electronic chats between Adoboli and others at UBS that they said showed he was open about his methods and no questions were asked while he made profits."Have you used the slush account?" asked a trader from another desk, Darren Bailey, on March 23, 2011.The defense said this was a reference to Adoboli's "umbrella", an accounting trick he had developed since 2008 to build up a hidden profit pool to smooth out fluctuations.Adoboli said Bailey was among many traders with such systems, though Bailey said he was "genuinely shocked" by the Optical frame account chat and did not remember what it was about.
Several back-office staff were also confronted with chats the defense said showed they knew about Adoboli's methods.On April 26, 2011, Adoboli told back-office contractor Johannes Zuidmeer he had made a "cosmetic adjustment" to a booking. Zuidmeer did not question this. On August 11, Zuidmeer let Adoboli hold back $1 billion in losses so he could rectify a booking error."With the benefit of hindsight it looks serious," Zuidmeer said, but he denied knowingly aiding Adoboli.Wass said the chats were "meaningless, vague and ambiguous" and spun to support a defense cooked up after Adoboli's arrest.The defense's main target was Hughes, the other senior trader on the ETF desk, who was sacked after Adoboli's arrest for failing to adequately supervise him.For three days, Hughes was confronted with dozens of chats that showed he embraced the concept of the umbrella."All I can say is thank fuck for your umbrella," Hughes told Adoboli in January 2011 when the desk had made losses.
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