con men posts

Feed

Rogue trader was 'Mr. Average': What were you expecting?

The New York Times headline blares "French Trader Is Remembered as Mr. Average," and goes on to describe a mid-level employee with nothing in his background to suggest that he would become possibly the biggest rogue trader in the history of the world. The Times reported that:

He failed in a bid for town council in his 20s; he never rose higher than a green belt, a mid-level rank, after years of judo training -- because of his bad knees; and he attended an average college where he earned respectable but unremarkable grades.

It's anticlimactic in a way. We expect crooks and fraudsters to fit a certain image: brash, arrogant, reckless, charismatic. But few people know fraud better than Barry Minkow; in his teens and early 20s he perpetrated the infamous Zzzz Best fraud, spent seven and a half years in prison, and has since helped regulators uncover over a billion in fraud -- and he wouldn't be surprised.

Continue reading Rogue trader was 'Mr. Average': What were you expecting?

Symbol Lookup
IndexesChangePrice
DJIA+73.0012,874.23
NASDAQ+23.852,927.73
S&P 500+9.471,352.11

Last updated: February 13, 2012: 02:07 PM

Hot Stocks

General Electric

19.035+0.16(+0.85)

Alcoa

10.345+0.055(+0.53)

Apple Inc

500.45+7.03(+1.42)

Google Inc 'A'

612.86+6.95(+1.15)

Bank of America

8.265+0.195(+2.42)

Wal-Mart Stores

61.84-0.06(-0.10)

Exxon Mobil Corp

84.38+0.58(+0.69)

Ford

12.58+0.14(+1.13)

Citigroup

33.32+0.395(+1.20)

IBM

192.56+0.14(+0.07)

Yahoo

16.165+0.025(+0.15)

Starbucks

49.11+0.29(+0.59)

Microsoft

30.615+0.12(+0.39)

Home Depot

45.94+0.61(+1.35)

DailyFinance Headlines

AOL Business News

BioHealth Investor Headlines

Sponsored Links

My Portfolios

Track your stocks here!

Find out why more people track their portfolios on AOL Money & Finance then anywhere else.

BloggingStocks Partners

More from AOL Money & Finance

Page Loaded in 1329160041492 ms.