Tuesday, June 21, 2016

A Crooked Derivatives Trader With a Sense of Humor

Nick Leeson, a former derivatives broker whose fraudulent, unauthorised trading caused the spectacular collapse of Barings Bank, the United Kingdom's oldest merchant bank, tweets out:

Leeson pleaded guilty to two counts of "deceiving the bank's auditors and of cheating the Singapore exchange" and served prison time in Changi Prison in Singapore.


(ht drewmx)

1 comment:

  1. It's interesting. It all seems so arbitrary as to who goes to jail (or even gets indicted) versus who gets off scott free. I guess this guy didn't have the right friends.