In 2002, John Rusnak, a trader in the Baltimore branch of Allied Irish Bank in the United States, caused a loss of 750 million US dollars for the bank; in
2008, a trader of Societe Generale, Keville, illegally used 50 billion euros of funds to buy Stock index futures, causing a $6.7 billion loss to the bank.
In September 2011, UBS (UBS) found that a trader in its investment banking department had violated the rules and caused losses of about 2 billion US dollars, and the "Devil Trader" scandal resurfaced.
What about Nick Leeson himself?
First served 9 months in a German prison (because he had fled to Germany after the incident was revealed), and then transferred to a Singapore prison to continue serving 3 years and 7 months.
At present, he mainly works as a trapeze, and gives risk speeches around the world.
Nick, who was CEO of an Irish football club, resigned in January this year. He now travels around the world, like "Buffett Luncheon," attending some business dinners and giving speeches, the main topic of which is financial risk management. These activities are also his main source of income.
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