He caused an upheavel in the oil market and losses up to $US9,763,252, in his drunken stupor and yet let off with just GBP72000 fine.
Drunken trader's $US520m oil spill
He caused an upheavel in the oil market and losses up to $US9,763,252, in his drunken stupor and yet let off with just GBP72000 fine.
Drunken trader's $US520m oil spill
He was also banned from trading for five years. He is very unlikely to work in the industry again.
Reminded me of a contractor I used to work with in the late 80's, whos daughter was working for a hedge fund in the City ( of London ).
She lost 16 mil GBP on a series of trades on one trading day. The boss didn't bat an eyelid and just said " we'll make it back tomorrow ". The girl resigned and had a melt down. Seems the oil boys are all a bunch of pussies. I mean, 9 mil USD is a night in a pole dancing club for " normal " traders.
Love the bit at the end about financial hardship. Downgrade the Ferrari to a Boxter.