Description :

Nick Leeson

Nick Leeson is a stock market genius who became a fraudster to maintain his genius position. “Leeson who had been the manager of Barings Future and Options, Singapore branch, involved himself in stock and futures trading with the bank's account which brought a massive profit to Barings in the year 1993; thus getting a bonus of hundred thousand pounds from the company for his accomplishment”. He traded again with the Barring's money and this time it went downhill.

He hid his loss by forging the documents and blaming his subordinates but it didn't last for long. He eventually dealt with a loss of 831 million pounds which collapsed the whole Singapore market and the Barings bank went down. He fled from Singapore with a note of sorry in his office and was later caught in Frankfurt and he sent back to Singapore. He was sentenced to six years of imprisonment in the year 1995 and was later released after four years for his good behavior.