01.24.08

$7B is a lot of money

Posted in Random thoughts at 9:02 pm by ducky

What I don’t undertsand is how you could ring up losses of seven billion (that’s billion-with-a-B) dollars and not siphon some off for yourself?

If you see that you are going to lose that much money, it’s a pretty safe bet that you will be in an enormous amount of trouble afterwards.  Probably the only way you have a prayer of getting out of it is to divert a large chunk of that to yourself and use the money to make yourself invisible.

Maybe this fraudster had read about Leeson, knew that Leeson ultimately got caught, and figured that running was futile.  Maybe he figured that he had lost so much that he was guaranteed to get caught and go to jail; if he took money, then maybe his sentence would be longer.

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