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UBS rogue trader charged with fraud UBS rogue trader charged with fraud
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Old 09-19-2011, 02:16 AM   #1
I keep RS good
 
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UBS rogue trader charged with fraud
UBS rogue trader charged with fraud - Business - CBC News

first Nick Leeson, now this guy? lol.
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Old 09-19-2011, 02:59 AM   #2
I don't get it
 
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i think ubs fucked up and put this nubian as scapemeat
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Old 09-20-2011, 10:17 AM   #3
RS.net, where our google ads make absolutely no sense!
 
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Yea i'm starting to find these stories a bit unbelieveable. It's always some lower tier guy losing billions and nobody knows? How f*** does that happen? If I have two cigs during my break people will notice. This guy loses two billion.
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Old 09-24-2011, 12:07 AM   #4
14 dolla balla aint got nothing on me!
 
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rogue trader my ass. in order for such a large transaction to be made on the exchange an incredibly high margin would be needed, which is most likely provided by the company >.> a cheque for a margin that big could not have gone unnoticed without executive officers knowing wtf was going on
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Old 09-24-2011, 07:53 AM   #5
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^
unless they made the same mistake where back office is mixed with front office. lol that's the basic rule, to seperate front and back offices.
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