Template:Roll of honour: Difference between revisions
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|Frank||2023||US|| $175m || Fraud, unfeasible gullibility||Javice got fired. Surely more to come||Not yet clear | |Frank||2023||US|| $175m || Fraud, unfeasible gullibility||Javice got fired. Surely more to come||Not yet clear | ||
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|[[FTX]]/[[Sam Bankman-Fried]]|| 2022 || US || $32bn (so far) || Hubris, stupidity, fraud || | |[[FTX]]/[[Sam Bankman-Fried]]|| 2022 || US || $32bn (so far) || Hubris, stupidity, fraud || '''Fired''': Gary Wang, Caroline Ellison, SBF Fired.<br>'''Bankruptcies''': Alameda, Genesis, Blockfi.<br>'''Suspensions of trading''': Gemini<br>'''Reported Losses''': Crypto.com, Tiger Global Management, the Ontario Teachers' Pension Plan, SoftBank Group, BlackRock, Lightspeed Venture Partners, Temasek, and Sequoia Capital reported losses of $1bn || Charged with wire fraud conspiracy to commit securities fraud, money laundering, conspiracy to defraud the U.S., violation of campaign finance laws. | ||
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|Barclays MTN Programme Limit || 2022|| US || [https://uk.finance.yahoo.com/news/ftse-100-barclays-profits-us-trading-error-064914092.html £1.3bn] || Internal Operations || None reported but you have to fear for those poor folk in ops. I beg your pardon? ''What'' poor folk in ops? Oh, Right. || No | |Barclays MTN Programme Limit || 2022|| US || [https://uk.finance.yahoo.com/news/ftse-100-barclays-profits-us-trading-error-064914092.html £1.3bn] || Internal Operations || None reported but you have to fear for those poor folk in ops. I beg your pardon? ''What'' poor folk in ops? Oh, Right. || No | ||
Revision as of 11:07, 14 January 2023
| Scandal | Date | Where | Loss | Reason | Firings | Jail-Time? |
|---|---|---|---|---|---|---|
| Frank | 2023 | US | $175m | Fraud, unfeasible gullibility | Javice got fired. Surely more to come | Not yet clear |
| FTX/Sam Bankman-Fried | 2022 | US | $32bn (so far) | Hubris, stupidity, fraud | Fired: Gary Wang, Caroline Ellison, SBF Fired. Bankruptcies: Alameda, Genesis, Blockfi. Suspensions of trading: Gemini Reported Losses: Crypto.com, Tiger Global Management, the Ontario Teachers' Pension Plan, SoftBank Group, BlackRock, Lightspeed Venture Partners, Temasek, and Sequoia Capital reported losses of $1bn |
Charged with wire fraud conspiracy to commit securities fraud, money laundering, conspiracy to defraud the U.S., violation of campaign finance laws. |
| Barclays MTN Programme Limit | 2022 | US | £1.3bn | Internal Operations | None reported but you have to fear for those poor folk in ops. I beg your pardon? What poor folk in ops? Oh, Right. | No |
| LME Nickel short squeeze | 2022 | London | “Billions” | LME | None reported ... yet | No |
| Evergrande | 2021 | China | $300bn | Who knows? | No | |
| Archegos | 2021 | US | $10bn+ | UMR Internal operations |
100+ across brokers plus several senior executives and one CEO | Eyes peeled, Mr Huang |
| Greensill | 2021 | UK | $4.6bn | |||
| Melvin Capital Management LP | 2021 | US | $7bn | Hubris detector failed | Everyone! The fund shut down shortlay after | Talk of regulators, outrageously, going after the outsider traders, but nothing as yet. |
| Citigroup v Brigade | 2021 | US | $500m | Outsourcing, Operations, IT | Not reported but wouldn’t fancy being head of the team in Bangalore | No |
| Nikola | 2020 | US | About 80% share drop | CEO misrep | Must have been plenty | CEO indicted on charges of securities fraud |
| Wirecard | 2020 | Germany | $4bn | CEO misrep | All of them | Three charged with fraud including CEO |
| WeWork | 2019 | US | $11bn over three years | CEO yogababble | Nothing to see here folks! Got a new venture to start up | No such luck. |
| Carillion | 2018 | UK | £7bn | Auditors | 3,000 jobs | No but litigation a-plenty |
| Patisserie Valerie | 2018 | UK | ||||
| Abraaj | 2017 | Saudi | ||||
| Fyre festival | 2017 | US | ||||
| 1MDB | 2016 | Asia | ||||
| Mossack Fonseca | 2016 | Panama | ||||
| Theranos | 2016 | US | ||||
| Wells Fargo accounts fraud | 2016 | US | ||||
| Volkswagen emissions | 2015 | Germany and US | ||||
| Autonomy | 2012 | UK and US | ||||
| Olympus | 2012 | |||||
| LIBOR | 2012 | UK | ||||
| London Whale | 2012 | UK | ||||
| Kweku Abodoli | 2011 | UK | ||||
| Jérôme Kerviel | 2008 | UK | ||||
| Bernie Madoff | 2008 | US | ||||
| Amaranth | 2007 | US | ||||
| Tyco | 2002 | US | ||||
| Parmalat | 2003 | Italy | ||||
| Freddie Mac | 2003 | US | ||||
| Global Crossing | 2002 | US | ||||
| WorldCom | 2002 | US | ||||
| Enron | 2001 | US | ||||
| Long Term Capital Management | 1998 | US | ||||
| Yasuo Hamanaka | 1996 | UK | ||||
| Savings and Loan | 1995 | US | ||||
| Nick Leeson | 1992 | UK Singapore |