It’s ironic that a billion dollars gets the same jail time as less than a hundred thousand credit card fraud or whatnot. It’s almost like they’re saying that if you’re gonna steal you should steal big. Maybe the reason he kept doubling up that -$60,000 to over $1,000,000,000
Well said although I'd add that we have previously seen folks who are bad actors, lose billions and put many people out of work and unable to pay for food / medicine --- those crooked folks get bonuses. Big bailout of 2008 / 9 a whole load of US taxpayer (national debt) money went on bonuses for the folks who had caused the losses. But, as you say, if someone runs up $10K on someone else's credit cards they do prison time.
I just love how he blamed his theft, fraud and lies on his bosses for not checking up on him. And when they DID he decided to MAN UP!!!! and when he DID man up he decided to run away.... poor poor Nick he must of had a hell of a time....and did you see his eyes when he reminisced about his mug on all the front pages. Just another gambling addict who lied and cheated his friends and family and stole from his employers. I dont think the word remorse is in his lexicon
I'm only 12 minutes in but can tel straight away he's trying the shirk responsibility by reiterating that "everyone at the company does it" regarding him hiding losses in a false account and saying he did it to protect the lady who answers phones coz it was really her mistake. Drives me mad when people think they're mitigating their bad actions by minimising/shifting blame.
A lot of comments saying Leeson was a thief. This documentary did not suggest that he stole any money for himself, or transferred any money to his own personal bank account. I understand his actions to be more like a gambling addiction where he was betting on the markets going up and was using Baring's money to fund these trades. It appears his actions were driven by ego and wanting to control the market.
YOU DON’T GET JAIL TIME FOR JUST AN ADDICTION BUT RATHER THE RESULTS OF THE ADDICTION. THIS INDIVIDUAL FALSIFIED DOCS.. LIED AND DECEIVED FOR FINANCIAL GAIN.
Yeah, but remember, he did benefit from his action on a continuous basis, salary, bonuses, reputation, these are all some of the benefits he was receiving by doing the wrong thing. He benefited from a continued fraud, and fraud in the Financial sector is criminal.
Amazing how he was able to fight off the fears and keep it concealed for 2+ years. Don´t understand how he avoided a break-down or a burn out. He´ll always be remember as the bloke that took Barings Bank down and despite that he´s got composure and can candidly talk about his experience.
Nick Leeson is just a gambler true and true but he was thrown a life line too many times by incompetent senior management teams, auditors etc. and the bank payed the ultimate price. Unbelievable.
I was a floor trader at that time,my badge was,TAM,the reason why Nick Leeson lost so much moneywas because he had built uo a monster short NIKKEI PUT option ,he collected all the premiums,and when Kobe earthquake happened,Nikkei index collapsed,everybody exercised the put options and he had to pay up, so all the money and more was lost....(*put options is the right to sell)
When I compare this guy to Kweku Adoboli, the UBS rogue trader who also lost over a billion dollars, it becomes clear that Adoboli was made a scapegoat. He was jailed and deported back to Ghana immediately after his release. You can see that he had a lot of freedom and room to operate, which ultimately caused significant damage. This story highlights the inequality in the workplace, considering the amount of flexibility and trust he gained from his bosses and colleagues, even as they remained in denial for so long. I’ve already decided not to take on certain responsibilities or get involved in certain type of businesses when I fully understand the potential consequences.
@@tastypymp1287 Kweku Adoboli wasn’t a crook; he made mistakes out of ignorance because he was focused on making Profits and didn't think through the consequences. This guy, on the other hand, was intentional about his fraud he planned it, executed it, and failed. That’s the difference.
@@johnzuh Of course he was a crook. He was specifically found guilty on two counts of fraud. I'm not accepting your blind racial pro prejudice for Adoboli and racism against Leeson.
I'm glad the interviewer called bollocks on his point about being worried about her losing her job. Massive lie, you wanted to keep up the pretences that everything you did turned to Gold. Hence why you tanked a whole bank and made EVERYONE lose their job.
Prior to that point, compliance division was the joke of every investment bank. From then on, with each and every single scandalous disaster, compliance slowly grew to become the overlord in all the houses.
@@VifferDude Love the name dude. yknow viffer? what a character. Remember the Guiness scandal? £ FOUR billion and the old geezer only got 6 months or so! But I do agree with you. Have a good one.......
Yeah! Listen to his speech you can clearly get the sense that he is desperately trying to pass the blame over to other people, mostly his superiors. Basically saying, it is their fault for not stopping him sooner.
Why should he suppose to be ashamed? Trading supervisor in the bank ignored losses for 2,5 years. Money that he lost isn’t money of poor people, it’s wealth money, so don’t worry, they will make more of it 🤣
Moconomy, thanks for this upload video, I'd watch lot of these similar videos, in my mind these people are often trying to please loved ones take on way to high of responsibly for too many people and ended up committing fraud or scams when I am sure they had no intension of doing this sort of behavior, I kind of feel sad for these men and women who find themselves in these situations but on the other hand it is awful people had to lose so much of their investment so I understand wanting these people to be charged or pay back what these people invested also. It really is a two-edge-sword for all involved. Thanks again for the upload.
@@ceasarwright7567 "lots of honest hard working people loose it all for reasons outside their control," you say? Possibly because they're so stupid they can't spell a common word like "lose."
@@ceasarwright7567 in this life you mean.. When people die and judgement day comes, they'll understand they all lost all who rejected Jesus. repent and believe to be saved, only in this life
What is so funny is that none of them had a marble between them. High paid jobs for dimwits. I was trading on the PSO that time of Ayala in Makati and what a blast that was. Used to meet up with the HSBC traders at Hackle and Jeckle as the exchange was closed by 1 pm. Some days straight from the bar right back on the trading floor.
The difference between him and that bank and the US government the Central Bank the Fed….he nor his bank could print more money out of thin air. The irony of this is truly astonishing.
To be fair, banks don't have any meat in the whole game. Therefore, they didn't lose anything. Only thing is they lost is their brand which need a designer to come up with another one on Canva. All the monkeys in the industry know this and play along
Don't lambast this guy, the intense pressure of this is off the charts, people do things they shouldn't (especially traders because of this) - and this comes down to Barings checks and balances in the end.
@@ggurks that's is why he is a Thief,why not report you are losing money and take a break? He continues to steal to fund accounts yet he is not even a trader.
I actually have a different view to most of the comments here… Firstly, yes, Nick was wrong in what he did and it was right that he spent years in jail for what he did. However, Nick is also a product of a much bigger systemic culture of take big risks and make as much profit as possible. It still goes on today and there are thousands of institutional traders doing what Nick did in “greed at all costs”. It is also clear here that Barings didn’t have the processes in place to manage these risks and prevent something like this happening - so, chasing profit with lacking systems led to their own demise. Also, it is clear from these interviews that Nick has accepted what he did was wrong but the CEO appears to be happy blaming Nick with no accountability for his part.
Same is 2008 - no oversight, no idea what traders were doing, no accountability. A so called "victimless crime" with pathetic sentences. Leeson was tried bcoz of the sheer size of his losses, it happens everyday but on a "smaller" scale. There is another Leeson out there working today for sure.
Why do all these history of banking always leave out the very profitable slave trade, still ongoing, and the very profitable drug trade, still ongoing? Both illegal, but done by all, through 3rd parties.
Options trading is the flavor in Indian markets and currently has 80% of global Options trades. Most of it are done by retailers who have no idea, but blindly punt. With social media ablaze by gurus who tempt with strategies to make quick money; these retailers are fodder for hedge funds and HFT firms who employ high speed algos. Nick Leeson ''played the bank'' and was caught up with selling options during the Kobe earthquake that buried a 233 year old institution; i dread to think of a ''black swan event'' and the effects that it can cause on Indian stock markets.
March 93 a letter sent to the most senior managers of barings warning them of impending financial ruin and they never acted on that info puts the real blame on them
If I defaulted on a 2500 loan, my credit would be ruined, and it would take years to recover. Yet, the super-rich and well connected, play by a different set of rules. I'm not complaining, just make it fair for all to play the wealth/money game. 💰💰💰💰💰💰💰💰💰
All of this allowed under all financial regulations, a bubble built on speculations created illusions on nothings... while normal average public work their weary butts off, working on speculated empires, and having their paychecks too.
Please give actual account and reality of how accounts of bussiness trades and most lucrative of all Governments print mint's actual physical paper monies come in and how? weekly? monthly? yearly? and how it goes out where all along with pay-check accounts roll, and rest
The poor are fed food stamps and government cheese and given plastic to swipe just don’t buy luxury items, and this is where the stock market steps in for the rich, and with this money, you can buy mansions and expensive cars. The entire economy is government assisted living.
Financial crimes are never Punished severely enough by far. 7 years for taking a 233 year old Established UK Bank to bankruptcy for his foolishness. He should have been committed to prison for the remainder of his life to deter others.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family..
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks..
@@ЕленаФирсова-ц6м Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. MARGARET MOLLI ALVEY...
Should Nick have done what he did? We'll never know. The evidence to determine with absolutely certainty does not exist. What we do know is he worked bloody hard creating wealth and value for shareholders. He should be remembered for that work ethic above everything else.
The market, especially the Japanese market was in the dirt for 20 years. The trader did his best. What would have happened if the trader was in a bull market? The bank would have treated the poor guy like a conquering hero. Instead, he gets a 6 1/2 year prison term. It would make one think that this is a "one off" event whereas in reality this stuff goes on every day back then and today. Make no mistake, the investment banking industry is full of illegal accounting practices and this guy got caught and was a sacrificial lamb. What about his superiors? Theoretically guilty for not supervising him but walking away scot free? Bollocks! Give the guy a pair of brass balls for doing what he was trying to accomplish, even though he failed miserably.
This guy can't be honest even after all this time and this documentary sounds very supporting of a criminal....labelled him as the young cocky trader and the underdog, this is insane to me, 0 mentions about the 1200 employees that lost their jobs in Singapore (they should be interviewed), the fact that he left a note in the office saying "I'm sorry" and decided to run away of this huge mess (but in this interview its all about the lack of supervision when he was forging documentation and lying to bypass supervision?), its a crime no...
This was just one dude but it was a system that was sick. For UK-banking all money was good money. Waking up to the ugly truth: London had become Londongrad, only emerging in like 2021. Should have been obvious at least a decade earlier. Disgusting.
Sociopathic lying gambler. The management team’s woeful incompetence facilitated it all… the gambler should be locked up for life, and the management team should be banned from the financial services industry for life - they are dangerously incompetent.
It’s ironic that a billion dollars gets the same jail time as less than a hundred thousand credit card fraud or whatnot. It’s almost like they’re saying that if you’re gonna steal you should steal big. Maybe the reason he kept doubling up that -$60,000 to over $1,000,000,000
if you gonna go,go big
The Nikkei is denominated in Japanese Yen.
Well said although I'd add that we have previously seen folks who are bad actors, lose billions and put many people out of work and unable to pay for food / medicine --- those crooked folks get bonuses.
Big bailout of 2008 / 9 a whole load of US taxpayer (national debt) money went on bonuses for the folks who had caused the losses. But, as you say, if someone runs up $10K on someone else's credit cards they do prison time.
Scared money don’t make no money lol
They do there''s an actual saying for it
One of the best financial documentaries I have seen
I just love how he blamed his theft, fraud and lies on his bosses for not checking up on him. And when they DID he decided to MAN UP!!!! and when he DID man up he decided to run away.... poor poor Nick he must of had a hell of a time....and did you see his eyes when he reminisced about his mug on all the front pages. Just another gambling addict who lied and cheated his friends and family and stole from his employers. I dont think the word remorse is in his lexicon
I'm only 12 minutes in but can tel straight away he's trying the shirk responsibility by reiterating that "everyone at the company does it" regarding him hiding losses in a false account and saying he did it to protect the lady who answers phones coz it was really her mistake. Drives me mad when people think they're mitigating their bad actions by minimising/shifting blame.
and then 16 minutes in implying that somebody should have checked him because his fraud wasn't that sophisticated....
Brokies crying
A lot of comments saying Leeson was a thief. This documentary did not suggest that he stole any money for himself, or transferred any money to his own personal bank account.
I understand his actions to be more like a gambling addiction where he was betting on the markets going up and was using Baring's money to fund these trades. It appears his actions were driven by ego and wanting to control the market.
Indeed, unless they received commission, bonuses, etc. linked to their so called performance
@@tarawentworth2940which he totally did
YOU DON’T GET JAIL TIME FOR JUST AN ADDICTION BUT RATHER THE RESULTS OF THE ADDICTION. THIS INDIVIDUAL FALSIFIED DOCS.. LIED AND DECEIVED FOR FINANCIAL GAIN.
Yeah, but remember, he did benefit from his action on a continuous basis, salary, bonuses, reputation, these are all some of the benefits he was receiving by doing the wrong thing. He benefited from a continued fraud, and fraud in the Financial sector is criminal.
he earned commissions... he was DIRECTLY profiting from his crimes
Amazing how he was able to fight off the fears and keep it concealed for 2+ years. Don´t understand how he avoided a break-down or a burn out. He´ll always be remember as the bloke that took Barings Bank down and despite that he´s got composure and can candidly talk about his experience.
Some good drugs can get you through it mate .
Agree. He’s amazing ❤
Luck because of trust and improper auditing of the accounts.
Nick Leeson is just a gambler true and true but he was thrown a life line too many times by incompetent senior management teams, auditors etc. and the bank payed the ultimate price. Unbelievable.
Was he ? Or was he seduced by the glamour of trading and wanted to be looked up to by his peers and seniors ...
I really liked the clarity and structure of this video. It’s incredibly helpful for someone navigating this field.
Futures are a simple trade.
I was a floor trader at that time,my badge was,TAM,the reason why Nick Leeson lost so much moneywas because he had built uo a monster short NIKKEI PUT option ,he collected all the premiums,and when Kobe earthquake happened,Nikkei index collapsed,everybody exercised the put options and he had to pay up, so all the money and more was lost....(*put options is the right to sell)
under rated comment
Not everyone understands puts call options trading 🫠 that’s why this comments so underrated
Also no one likes companies that short stock 😂😂😂
So he sold puts, collected premiums, contracts were exercised, and he had to forfeit the underlying security
@@SimpleAbundance yup...if there was no Kobe quake,he would have been okay,cos the puts would then expire out of the money...
This man blame everyone but not himself
R u dumb
When you lose someone elses money? Its easy to blame everyone else. for trusting you in the first place?
When I compare this guy to Kweku Adoboli, the UBS rogue trader who also lost over a billion dollars, it becomes clear that Adoboli was made a scapegoat. He was jailed and deported back to Ghana immediately after his release. You can see that he had a lot of freedom and room to operate, which ultimately caused significant damage. This story highlights the inequality in the workplace, considering the amount of flexibility and trust he gained from his bosses and colleagues, even as they remained in denial for so long. I’ve already decided not to take on certain responsibilities or get involved in certain type of businesses when I fully understand the potential consequences.
Wow. You actually tried to turn this into racism.
Nah, the race card simply doesn't work here. He was a crook and rightly punished.
@@tastypymp1287 Kweku Adoboli wasn’t a crook; he made mistakes out of ignorance because he was focused on making Profits and didn't think through the consequences. This guy, on the other hand, was intentional about his fraud he planned it, executed it, and failed. That’s the difference.
@@johnzuh Of course he was a crook. He was specifically found guilty on two counts of fraud.
I'm not accepting your blind racial pro prejudice for Adoboli and racism against Leeson.
The moment he said "I was on the first page of the newspaper" and repeated it 3 times 🤦♀️ sooo narcistic.
I'm glad the interviewer called bollocks on his point about being worried about her losing her job. Massive lie, you wanted to keep up the pretences that everything you did turned to Gold. Hence why you tanked a whole bank and made EVERYONE lose their job.
Prior to that point, compliance division was the joke of every investment bank. From then on, with each and every single scandalous disaster, compliance slowly grew to become the overlord in all the houses.
Rob a bank of $100,000 with a gun, 15 to 20 years. Rob a bank of $1 Billion with a keystroke, 6 years.
You have always been able to rob a bank for more money with a briefcase than a gun
Punishment doesn't fit the crime though
@@VifferDude Love the name dude. yknow viffer? what a character. Remember the Guiness scandal? £ FOUR billion and the old geezer only got 6 months or so! But I do agree with you. Have a good one.......
Boring from the start. Hard pass. The video is made for your grandpa
@@VifferDude❤ yes sir
He didn’t use the money to finance a life style like most. He just wanted to be seen and respected as a big trader . He will be rich again
He is totally not ashamed at all not at all😮
Yeah! Listen to his speech you can clearly get the sense that he is desperately trying to pass the blame over to other people, mostly his superiors. Basically saying, it is their fault for not stopping him sooner.
Why should he suppose to be ashamed? Trading supervisor in the bank ignored losses for 2,5 years. Money that he lost isn’t money of poor people, it’s wealth money, so don’t worry, they will make more of it 🤣
He is sorry he got caught .
All conmen use the confidence to pull off their fraud. The CEO and all like him did hope for the best, if losses after, it was not his own money.
Rogue Trader featuring Ewan McGregor, who played Nick, was a great flick!
It used to be - The million dollar question. Now it's the Billion dollar question.
Nick's lesson: the man that broke Barrings Bank!!
I still can’t understand how betting on the direction of a market index is investing. It seems more like gambling to me….kind of like casino craps.
Gambling with other peoples money.
This sort of story is inspirational to me
Moconomy, thanks for this upload video, I'd watch lot of these similar videos, in my mind these people are often trying to please loved ones take on way to high of responsibly for too many people
and ended up committing fraud or scams when I am sure they had no intension of doing this sort of behavior, I kind of feel sad for these men and women who find themselves in these situations but on the other hand it is awful people had to lose so much of their investment so I understand wanting these people to be charged or pay back what these people invested also. It really is a two-edge-sword for all involved. Thanks again for the upload.
Worth a watch.
This type of luck never befalls people who work really hard and try to persue success through honest means.
Thats BS ... lots of shady people make it and lots of honest hard working people loose it all for reasons outside their control.
@@ceasarwright7567
"lots of honest hard working people loose it all for reasons outside their control," you say?
Possibly because they're so stupid they can't spell a common word like "lose."
@@ceasarwright7567 in this life you mean.. When people die and judgement day comes, they'll understand they all lost all who rejected Jesus. repent and believe to be saved, only in this life
@@TheDavidlloydjonesThat's a bit ruff!
Oh? Explain hyperinflation. Or those laid off because of AI. Or people who make minimum wage at Walmart. 😂
He still has the con man’s glint in his eye. Even after all these years.
What is so funny is that none of them had a marble between them. High paid jobs for dimwits. I was trading on the PSO that time of Ayala in Makati and what a blast that was. Used to meet up with the HSBC traders at Hackle and Jeckle as the exchange was closed by 1 pm. Some days straight from the bar right back on the trading floor.
The difference between him and that bank and the US government the Central Bank the Fed….he nor his bank could print more money out of thin air. The irony of this is truly astonishing.
In this day and age HisStory would have broken the internet #baringsbank 😊
nasty sociopath who clearly loves attention, regardless of who they hurt
To be fair, banks don't have any meat in the whole game. Therefore, they didn't lose anything. Only thing is they lost is their brand which need a designer to come up with another one on Canva. All the monkeys in the industry know this and play along
Don't lambast this guy, the intense pressure of this is off the charts, people do things they shouldn't (especially traders because of this) - and this comes down to Barings checks and balances in the end.
This man was not a trader,he was a thief.
No, he was simply a stupid egoist who craved the glamour of trading and wanted to be a hero . The record will show he made a lot of money for others .
No, he wasn't a thief, he didn't steal anything for himself. He was just trying to cover up his loses and keep up the image of a great trader
@@ggurks that's is why he is a Thief,why not report you are losing money and take a break?
He continues to steal to fund accounts yet he is not even a trader.
I actually have a different view to most of the comments here…
Firstly, yes, Nick was wrong in what he did and it was right that he spent years in jail for what he did.
However, Nick is also a product of a much bigger systemic culture of take big risks and make as much profit as possible. It still goes on today and there are thousands of institutional traders doing what Nick did in “greed at all costs”.
It is also clear here that Barings didn’t have the processes in place to manage these risks and prevent something like this happening - so, chasing profit with lacking systems led to their own demise.
Also, it is clear from these interviews that Nick has accepted what he did was wrong but the CEO appears to be happy blaming Nick with no accountability for his part.
Same is 2008 - no oversight, no idea what traders were doing, no accountability. A so called "victimless crime" with pathetic sentences. Leeson was tried bcoz of the sheer size of his losses, it happens everyday but on a "smaller" scale. There is another Leeson out there working today for sure.
Why do all these history of banking always leave out the very profitable slave trade, still ongoing, and the very profitable drug trade, still ongoing? Both illegal, but done by all, through 3rd parties.
Options trading is the flavor in Indian markets and currently has 80% of global Options trades. Most of it are done by retailers who have no idea, but blindly punt. With social media ablaze by gurus who tempt with strategies to make quick money; these retailers are fodder for hedge funds and HFT firms who employ high speed algos. Nick Leeson ''played the bank'' and was caught up with selling options during the Kobe earthquake that buried a 233 year old institution; i dread to think of a ''black swan event'' and the effects that it can cause on Indian stock markets.
The African disease..just like covid.
Can't but help thinking of the foolish retailers who dream of pots of gold - most perish in the cogs of institutional players .
Good luck never give up❤
why cannot a billionaire retain his smartness instead of risking everything for getting another billions😂😂😂
I am failing to understand what qualified to be a head trader first and foremost ? Especially at age 24 ? 🤨
March 93 a letter sent to the most senior managers of barings warning them of impending financial ruin and they never acted on that info puts the real blame on them
This is what bonuses without audits causes
If I defaulted on a 2500 loan, my credit would be ruined, and it would take years to recover. Yet, the super-rich and well connected, play by a different set of rules. I'm not complaining, just make it fair for all to play the wealth/money game. 💰💰💰💰💰💰💰💰💰
If you want to believe in anything ,you will.
A very similar problem to gambling addiction.
All of this allowed under all financial regulations, a bubble built on speculations created illusions on nothings... while normal average public work their weary butts off, working on speculated empires, and having their paychecks too.
I m ready to go to jail for 6 years for 900 million dollars. 😊 right now . 😅
Please give actual account and reality of how accounts of bussiness trades and most lucrative of all Governments print mint's actual physical paper monies come in and how? weekly? monthly? yearly? and how it goes out where all along with pay-check accounts roll, and rest
I used to trade stocks some years back and I almost lost all of my money trading. So I understand what must have been going on inside his mind.
The poor are fed food stamps and government cheese and given plastic to swipe just don’t buy luxury items, and this is where the stock market steps in for the rich, and with this money, you can buy mansions and expensive cars. The entire economy is government assisted living.
Derivatives should be banned
In the 80s, we call them 'Yuppies' 😂
This is the identity of a true criminal.
Financial crimes are never Punished severely enough by far. 7 years for taking a 233 year old Established UK Bank to bankruptcy for his foolishness. He should have been committed to prison for the remainder of his life to deter others.
Amazing video, A friend of mine referred me to a financial adviser sometime ago and we got talking about investment and money. I started investing with $120k and in the first 2 months , my portfolio was reading $274,800. Crazy right!, I decided to reinvest my profit and gets more interesting. For over a year we have been working together making consistent profit just bought my second home 2 weeks ago and care for my family..
I’ve been forced to find additional sources of income as I got retrenched. I barely have time to continue trading and watch my investments since I had my second daughter. Do you think I should take a break for a while from the market and focus on other things or return whenever I have free time or is it a continuous process? Thanks..
@@ЕленаФирсова-ц6м Quitting may not be the best approach if you ask me. This is where an AI comes into the picture. I barely have time to trade myself as my job swallows up most of my time. MARGARET MOLLI ALVEY...
@@YinusaSaheed Oh please I’d love that. Thanks!
@@ЕленаФирсова-ц6м MARGARET MOLLI ALVEY
Lookup with her name on the webpage.
Trump lost over 2 billion during and post presidency. Polosi has billions on a polititions wage. (insider trading?)
Her husband made a million investing in Lockheed Martin a day before Russia invaded Ukraine
A guy lost a billion? Good. Means it's back in the economy again then.
A Prince amongst thieves.
Should Nick have done what he did? We'll never know. The evidence to determine with absolutely certainty does not exist.
What we do know is he worked bloody hard creating wealth and value for shareholders. He should be remembered for that work ethic above everything else.
He only served 4 years and 4 months. Thats why it happens over and over and over, no real consequences. He is now a CEO of a financial firm LOL
There is a very thin line between success and failure
The music on this is too loud.....why put this over the voice. Stopped watching after 5 minutes.
Just my opinion..
your background music so loud..
This seems to be burnt into the financial history books.
seriously insane
Boy has he aged, I saw him in his 20’s during his trading days.. I guess regret really ages you!
as i recall if his gamble had paid off he would have made Leeson Billions but an earthquake in Japan scuppered that
Excellent report (pity about the childish, irritating speeding up of the film).
It looks like he is compulsive gambler.
Why do criminals get to have whole documentaries about them?
Bad management, plain and simple
Oh oh let me guess… Kanye, when he said Adidas couldn’t drop him 🤣
The background music to this sounds like a sabaton song
1 week is not “slightly more”than part of 1 day
i wouldnt mind having a billion to lose
THE BILLIONAIRE SECRET VISUALIZATION
Even criminal systems have rules, methinks.
The market, especially the Japanese market was in the dirt for 20 years. The trader did his best. What would have happened if the trader was in a bull market? The bank would have treated the poor guy like a conquering hero. Instead, he gets a 6 1/2 year prison term. It would make one think that this is a "one off" event whereas in reality this stuff goes on every day back then and today. Make no mistake, the investment banking industry is full of illegal accounting practices and this guy got caught and was a sacrificial lamb. What about his superiors? Theoretically guilty for not supervising him but walking away scot free? Bollocks! Give the guy a pair of brass balls for doing what he was trying to accomplish, even though he failed miserably.
😮Baring mean lay in indolanguage,, so barings set to lay..coincident
I think his biggest crime was the backward baseball cap.
This guy can't be honest even after all this time and this documentary sounds very supporting of a criminal....labelled him as the young cocky trader and the underdog, this is insane to me, 0 mentions about the 1200 employees that lost their jobs in Singapore (they should be interviewed), the fact that he left a note in the office saying "I'm sorry" and decided to run away of this huge mess (but in this interview its all about the lack of supervision when he was forging documentation and lying to bypass supervision?), its a crime no...
What a phony. Who believes he's telling the truth now, after lying so monumentally in the past?
“Vultures”? LOL
He might have been out of control, but his boss doesn't seem to be taking any accounability. Surely he should have been all over it?
I hope you’re not gonna actually purchase all these apps but just get the free trial
Well, I lost a dollar 💵 the other day. 😳
Leeson was the fall guy
Futures are wagers up or down simple as that and forecasts based upon either in other words gambling...With other peoples money.
hunger of earning more on high return with high risk bring you beneath the ground😂😂😂😂
This was just one dude but it was a system that was sick. For UK-banking all money was good money. Waking up to the ugly truth: London had become Londongrad, only emerging in like 2021. Should have been obvious at least a decade earlier. Disgusting.
These guys were cooked.
Ban finance trading. Wealth junkies needs therapy, not golden bonuses.
Based on demographic of those who do it I doubt that will happen.
Why is he not in prison for life?
Sociopathic lying gambler. The management team’s woeful incompetence facilitated it all… the gambler should be locked up for life, and the management team should be banned from the financial services industry for life - they are dangerously incompetent.
Similar to the people in charge of San Francisco money.You would be shocked how they waste money.
Lol once a peasant always a peasant why is he not in jail
Gambling
ceo simple plays dumb
Why arent they wearing prisoner clothes?
Thought this was about Kanye
I would love to lose a billion dollars😊..
( That would mean I only had a few million left.)
#RoyalVenturesBusinessLounge #DubaiMyWay
たった25歳の年齢がそのポジション、
なんか異常を感じますね。。