Word: leesons
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...Nick Leeson brought down Barings bank with $1.4 billion in fraudulent trades. At 25, Gary Hoke faked a Bloomberg news report linked to a Yahoo bulletin board in a stock scam that cost investors $93,000. At 24, Rafael Shaoulian littered financial bulletin boards with unfounded hype that enabled him to sell a stock and pocket $173,000. At 23, Mark Jakob drove down the stock of Emulex with a phony Internet report. He bought with a vengeance after the decline and made $241,000 when the hoax was discovered and the stock rebounded...
...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...