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The Nick Leeson In Stock Futures Funds Directory

 

Worked for Barings Bank, Englands oldest bank. As a relatively young and unproven accounts clerk, he went to Barings Singapore office in 1992, and within a year had made 10 million pounds, about 10 of Barings profit for that year. In 1994, his luck began to run out and the markets turned against him, losing hundreds of millions of pounds. In 1995, his losses amounted to 830 million pounds and Barings faced collapse. Many executives who were involved in the failure to control Leeson either resigned or were sacked. After being accused of losing 830 million pounds, Nick was sentenced to six and a half years by a Singapore court for forgery and cheating.

 

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