4 ms·

$7.1 Billion Fraud - Could Be The Largest Trading Fraud Ever

• jakewolf 19y ago
  Never trust a trader who only has 4 friends on facebook.
  • kirubakaran 19y ago
    It might also help to be wary of those 4 friends.
• simianstyle 19y ago
  Anybody ever read "Ugly Americans" by Ben Mezrich? This reminds me of that. (BTW - he was the guy that wrote "Bringing Down the House")
• Ztrain 19y ago
  White Collar Crime exposed by an insider: http://smartstartup.typepad.com/my_weblog/2008/01/business-books.html http://smartstartup.typepad.com/my_weblog/2008/01/business-b...
• anaphoric 19y ago
  Boy he really screwed the pooch on that one. LOL! He was described as "a fragile individual, with no particular genius who was facing family problems." That describes the majority of people I know! Somehow though he weaseled his way into the center of operations. The big question is was it incompetence (i.e. doubling down to cover earlier losses) or was it sabotage. The press says it was not for personal gain. He made a salary under 150K USD.