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Old 01-24-2008, 10:39 PM
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Post Massive fraud hits French bank Societe Generale

French bank Societe Generale has revealed a massive fraud today by a Paris-based trader, amounting to 4.9 billion euros ($7.1 billion; £3.7 billion).The loss is likely to be the biggest ever perpetuated by a single trader, and is four times bigger than that perpetuated by Nick Leeson, which brought down Barings Bank in 1995.Societe Generale [...]

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Old 01-29-2008, 03:33 PM
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Default Re: Massive fraud hits French bank Societe Generale

I bet Nick Leeson didn't think he'd be outdone! A book and movie deal no doubt beckons
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