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02-03-1995

Nick Leeson arrested for defrauding $1.4 billion from Barings Bank

The trillions poured into failing banks that lost billions during the 2007 Credit Crunch means that $1.4 billion no longer seems such an enormous amount. But back in the 1990s, it was enough to immediately destroy the Queen’s bank, Barings.

Two months later, and after 1,200 Barings employees had lost their jobs, Nick Leeson was arrested in Frankfurt airport. Nick Leeson now works as anti-fraud consultant... Read the full Nick Leeson Crime File