Word: leesons
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Dates: during 1990-1999
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...NICK LEESON Rogue trader beats cancer, leaves jail. Plus, frozen assets mean no more gambling...
...give a hoot about The Phantom Menace, yet somewhere deep inside, you suspect it won't be a fulfilling summer without a shot of Ewan McGregor. Witness here, then, the Scotsman's fine turn as Nick Leeson, the British futures trader whose fast-and-loose market executions brought down his employer, Barings, the prominent English bank. The film takes a sympathetic view of Leeson, which is fine; the problem is, it never offers a sense of the man behind the mania. What does come through is that Leeson ate a lot of candy during crises. Cadbury wrappers shouldn...
...finance is among its most worrisome features. What if the whole nterconnected computer network crashes? (Hell, what if just your part does?) What if a hacker breaks in at the wrong place? What if the bank "blows up," as Barings PLC did in 1995 after 28-year-old Nicholas Leeson bet the house and lost? Industry insiders--the folks who have designed the systems--argue that the infrastructure they have built is secure enough to survive any tampering and that the markets themselves will factor in the risks of rogue or inexperienced traders. "There is no chance that a money...
GUILTY PLEA ENTERED. By NICHOLAS LEESON, 28, former futures trader whose billion dollar losses brought down Barings investment bank; to fraud and forgery with the intention to commit fraud; in Singapore. The sentence: 6 1/2 years in prison: a Singaporean prison...
More bad news for Nick Leeson. Two days after the former Barings Bank trader was sentenced to 6 1/2 years in prison for the $1.38 billion in unauthorized trades that brought down Britain's oldest bank, he was hit with a court order seeking to prevent him from making money on his story. The order bars Leeson, his wife and his lawyer from earning money by selling their version of the Barings collapse story while Leeson is in Singapore. A lawyer for Leeson says his client, who has signed a deal reportedly five-figure deal to write his life story...