'Fat Leonard' Francis sentenced to 15 years in massive military bribery scandal
Former Navy contractor Leonard Francis, also known as “Fat Leonard,” who masterminded one of the U.S. military's largest bribery scandals, was sentenced Tuesday to 15 years in prison for his role in the scheme, federal prosecutors said. Ta. U.S. District Judge Janice Sammartino sentenced Francisco to 164 months in prison for bribery and fraud and […]
Trader's 'fat finger' costs Citi $79 million after U.K. fines bank over mistake that triggered 2022 market crash – Fortune
It’s officially one of the most expensive typographical errors in history. UK financial regulators have fined Citigroup Global Markets (CGML) $79 million for a typographical error. “Fat Finger” Trade One of the company’s employees was misplaced, causing a small market crash in 2022. Two years ago, a trader Citi Subsidiaries It did a standard transaction […]
ASML Drops With Tech as Traders Suspect Opening 'Fat Finger' – Yahoo Finance
(Bloomberg) — ASML Holding NV shares fell in the first few minutes of trading but quickly recovered, but traders blamed the unexpected decline on erroneous trades. Most Read Articles on Bloomberg Multiple stock traders say “fat fingers” – human error or even trades made by algorithms – may have been behind the initial stock price […]