Originally Posted By Mr X But they made up some other (rather weird) charges to throw at him. <a href="http://edition.cnn.com/2008/WORLD/europe/01/28/rogue.trader/index.html" target="_blank">http://edition.cnn.com/2008/WO RLD/europe/01/28/rogue.trader/index.html</a> His lawyer seems pleased. Here's an interesting take going around the internet (and the lack of a fraud charge here, I think, adds merit to the possibility). That this bank was desperate to unload all their toxic subprime mortgage junk and used this opportunity (and scapegoat) to dump it all onto the open market and claim "it was his fault". Notice that the bank, on the very same day, wrote down/sold off billions in loses from subprime as well. ON THE VERY SAME DAY. Coincidence?
