I’m Nick Leeson, today is my birthday. It is also 25 years ago today since I broke the UK’s oldest merchant bank with illegal losing trades of over 1.4 billion dollars and the phrase, ‘Rogue Trader’ was coined.
Update: Thank you all for the questions and 99% positive comments, I did bite back at the 1% as good as i got!
I'm sure i'll do something again on reddit in the future, for now i'm signing off.
And remember the shameless self promotion... if you want to buy some signed books or even signed replica Jackets go here: https://bullandbearcap.com/shop/
I’m Nick Leeson, today is my birthday.
It is also 25 years ago today since I broke the UK’s oldest merchant bank with illegal losing trades of over 1.4 billion dollars and the phrase, ‘Rogue Trader’ was coined.
I was 28, the place was Singapore, and the bank was the Queen's own Barings PLC.
Things went bad fast, two days prior I fled Singapore and faxed back a note to the bank with just the words “I’m sorry”
I realised how bad, when waking up at the Shangri La Hotel in Kota Kinabalu. The Asian Wall Street Journal had been slid under the door, picking it up, the front-page headline read ' British Bank collapse'.
I decided I needed to get further away, back to England. I boarded a flight back that day via Germany. The plane was met on the runway in Frankfurt by German police.
I was extradited, sentenced to 6 and ½ years in a Triad led prison in Singapore. I got cancer, spent a month in solitary, wrote a book, had a movie made about me starring Ewan McGregor and served 4 ½ years for good behaviour.
I am now back trading and you can follow along at bullandbearcap.com.