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-   -   UBS rogue trader charged with fraud (https://www.revscene.net/forums/653852-ubs-rogue-trader-charged-fraud.html)

Ulic Qel-Droma 09-19-2011 02:16 AM
UBS rogue trader charged with fraud
 
UBS rogue trader charged with fraud - Business - CBC News

first Nick Leeson, now this guy? lol.

lime56 09-19-2011 02:59 AM
i think ubs fucked up and put this nubian as scapemeat
Posted via RS Mobile

minoru_tanaka 09-20-2011 10:17 AM
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.

t8v6 09-24-2011 12:07 AM
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

Ulic Qel-Droma 09-24-2011 07:53 AM
^
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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