Template:Roll of honour: Difference between revisions
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! Scandal !! Date !! Jurisdiction !! Estimated Loss !! Gatekeepers !! Firings !! Jail-Time? | ! Scandal !! Date !! Jurisdiction !! Estimated Loss !! Gatekeepers !! Firings !! Jail-Time? | ||
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|Barclays 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 || 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 | ||
|- | |- | ||
|LME Nickel | |LME Nickel [[short squeeze]] || 2022|| London || [https://internationalbanker.com/brokerage/the-nickel-short-squeeze-what-happened/ “Billions”] || LME || None reported ... yet || No | ||
|- | |- | ||
|[[Evergrande]] || 2021|| China || [https://www.nytimes.com/2021/09/19/business/china-evergrande-debt-protests.html $300bn] || || Who knows? || No | |[[Evergrande]] || 2021|| China || [https://www.nytimes.com/2021/09/19/business/china-evergrande-debt-protests.html $300bn] || || Who knows? || No | ||
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|Nikola || 2020|| US || [https://www.cnbc.com/2021/07/29/us-prosecutors-charge-trevor-milton-founder-of-electric-carmaker-nikola-with-three-counts-of-fraud.html About 80% share drop] || CEO misrepresentations || Must have been plenty || CEO indicted on charges of securities fraud | |Nikola || 2020|| US || [https://www.cnbc.com/2021/07/29/us-prosecutors-charge-trevor-milton-founder-of-electric-carmaker-nikola-with-three-counts-of-fraud.html About 80% share drop] || CEO misrepresentations || Must have been plenty || CEO indicted on charges of securities fraud | ||
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| | |[[WireCard|Wirecard]] || 2020|| Germany || [https://www.reuters.com/article/us-wirecard-accounts-idUSKBN23W176 $4bn] || CEO misrepresentations || All of them || Three charged with fraud including CEO | ||
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|[[ | |[[WeWork]] || 2019|| US || [https://therealdeal.com/2022/03/11/weworks-losses-narrow-but-are-still-huge/ $11bn over three years]|| CEO [[yogababble]] || Nothing to see here folks! Got a new venture to start up || No such luck. | ||
|- | |- | ||
| | |Carillion || 2018|| UK || [https://www.theguardian.com/business/2020/jan/15/carillion-collapse-two-years-on-government-has-learned-nothing#:~:text=The%20demise%20of%20Carillion%20was,sales%20of%20%C2%A35.2bn. £7bn || Auditors || 3,000 jobs || No but litigation a-plenty | ||
| | |||
|- | |- | ||
|Patisserie Valerie || 2018|| UK || || | |Patisserie Valerie || 2018|| UK || || | ||
Revision as of 13:45, 18 August 2022
| Scandal | Date | Jurisdiction | Estimated Loss | Gatekeepers | Firings | Jail-Time? |
|---|---|---|---|---|---|---|
| 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 misrepresentations | Must have been plenty | CEO indicted on charges of securities fraud |
| Wirecard | 2020 | Germany | $4bn | CEO misrepresentations | 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 | [https://www.theguardian.com/business/2020/jan/15/carillion-collapse-two-years-on-government-has-learned-nothing#:~:text=The%20demise%20of%20Carillion%20was,sales%20of%20%C2%A35.2bn. £7bn | Auditors | 3,000 jobs | No but litigation a-plenty |
| Patisserie Valerie | 2018 | UK | ||||
| Abraaj | 2017 | Saudi Arabia | ||||
| Fyre festival | 2017 | US | ||||
| 1MDB | 2016 | Malaysia and US co-production | ||||
| Mossack Fonseca | 2016 | Panama with help from the international community | ||||
| 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 |