Tuesday, February 12, 2008

Fraud and scam

What a scam it can be rightly called as the mother of all scams. A trader washed away bank fortunes amasing to billions of dollars and the french beared the burn. Societie de generale losed billions of dollars because of that sinister. One thing which blogs minds of billions of people across the world is that how a person in the post of junor level trader got hold of billions of dollars to trade and many other questions needs to be solved before booking him up for the case. There is an equal share of the bank in this fraud because how did it evade so much amount of cash and did it not know about this when it is filling its annual returns or posting profits.

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