2. INTRODUCTION
Nicholas "Nick" Leeson born on 25th Feb 1967 at
Watford
Was a Former Derivative broker whose fraudulent
speculative trading caused collapse of Barings
Bank.
It was a oldest bank and he prisoned for the fraud
4. CAREER
he attended Parmiter's School at Watford.
After finishng school he joined as a clerk with pvt
Bank called Coutts.
He moved to Morgan Stanley in 1987 for 2 yrs.
Ended with Barings Bank.
In 1992 he was appointed as general manager new
operations market on the Singapore International
Monetary Exchange (SIMEX).
5. DOWNFALL
By the end of 1992, the account's losses exceeded £2 million,
which ballooned to £208 million by the end of 1994.
Leeson pleaded guilty to two counts of "deceiving the bank's
auditors and of cheating the Singapore exchange
Sentenced to six and a half years in Changi Prison in
Singapore, he was released from prison in 1999, having been
diagnosed with colon cancer, which he survived despite grim
forecasts at the time.
In 1999, the book was made into a film of the same
name starring Ewan McGregorand Anna Friel.
6. TRADING JACKET
On 5 April 2007, the Guardian newspaper reported
that KPMG, the liquidators of Barings PLC, had
sold a trading jacket thought to have been worn by
Nick Leeson while trading on SIMEX in Singapore.
On 5 April 2007, the Guardian newspaper reported
that KPMG, the liquidators of Barings PLC, had
sold a trading jacket thought to have been worn by
Nick Leeson while trading on SIMEX in Singapore.
