How Billion-Dollar Bank Fraud Actually Works | How Crime Works | Insider
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How Billion-Dollar Bank Fraud Actually Works | How Crime Works | Insider
Nick Leeson is an English former derivatives trader who caused the collapse of Barings, London’s oldest merchant bank, which had operated for 233 years. Working in the bank’s Singapore office, he made a series of unauthorized speculative trades that ultimately lost $1.2 billion. Leeson joined Barings in 1989 and by 1992 was running its new ...
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