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+--- Thread: $7 Billion bank fraud scheme (/showthread.php?tid=1251)
$7 Billion bank fraud scheme - maitreya - 01-24-2008
Societe Generale Uncovers Massive Fraud
First and foremost, I'm impressed with that dude. To be able to pull-off something like that.. On his own. If the world stocks didn't drop like it did early this week, he probably would still be at it.
But of course, something like this could make the bank close. That'd be bad for their investors. And that'd be bad in these troubled/unsure times. Imagine what this news would mean to locals who invested their cash in the bank.
RE: $7 Billion bank fraud scheme - Grim - 01-24-2008
Wow that's what you call a steal.
I wonder how exactly he did it. The banking system is so full of holes sometimes, it's really hard to invest a large part of your money in it. I know I wouldn't.
RE: $7 Billion bank fraud scheme - AppleHead - 01-24-2008
He probably didn't like his manager very much.