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DATE: May 25 2012
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Poker.co.uk - Poker News Archive

Tuesday 10th January 2006

Infamous Fraudster Turns To Online Poker

Celebpoker.com has seen the return of Nick Leeson, a trader who accumulated $1.3 billion in derivative trading losses and wiped out UK�s merchant bank, Barings. Leeson now operates as a professional poker player on the website, and last week won $25,000.

�The returns on the money can be phenomenal but I am well aware that I can lose too, so I won't be repeating the mistakes I made in the past,� Leeson says of his new career.

Introduced to the game by footballer-turned-actor Vinnie Jones, Leeson was found guilty of accounting fraud when made enormous bets on interest rate movements whilst working for Barings. He was jailed for six and a half years.

Source: OnlineCasinoNews

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