This piece of news caught my eye this morning… a single trader blamed for 7.15 billion USD fraud at French bank, Societe Generale. I don’t know about you, but if I lose $10 through some kind of fraud, I get pretty upset.
I can’t help to think about the scam in Office Space to sweep the breakage from several accounts. The problem was that it worked too well and the parent company would notice. That was only a few hundred thousand if memory serves. Perhaps they could have gotten away with a billion or two more.
How do you manage to amass so much money and still be careless enough to lose 7 billion dollars by one man’s action?