For a brief period Nick Leeson was a pin-up idol
for modern anarchists
In 1995 Nick Leeson
caused the previously unbesmirched Barings Bank
to go into receivership. Trading out of Singapore
, Leeson used a complex series of deceptions
to hide losses he had made. As the losses became progressively worse, his deceptions became bolder, until he was eventually discovered.
At the time, all sorts of peculiar motivations
were ascribed to Nick. One of the most intriguing I came across was that he was acting on behalf and an anti-capitalist anarchic
movement based in the U.S. The theory was that Nick had intentionally destabilised Barings bank in order to demonstrate the pointlessness of greed.