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Trader fraud cost Goldman 118M$

Discussion in 'Wall St. News' started by TraDaToR, Nov 9, 2012.

oldtime
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Quote from StarDust9182:

I can hardly wait for the future headline .... bot computer loses money ..... pulled off a plane while on the run from the FBI ... placed on the no fly list ... his lawyer layers milllions of appeals ... 30000 a second, which are all withdrawn nanoseconds later in an attempt to gum up the appeal system and thereby profit from it.

On trial, he admits to losing the money but claims he wasn't trying to lose money and besides all his computer buddies including his boss, knew the 20 cent risks he was taking and ultimately became addicted to.

After years of court battles, the governor (an ex Goldman Sachs trader as luck would have it) pulls the plug in front of his microprocessors.

A sad tale of risk gone wild.
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stardust, sometimes you crack me up

#11 Nov 9, 2012

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