In 1994 Nick Leeson, a trader at Barings Bank in London, generated a substantial amount of debt by investing in an unstable market. Attempting to extricate himself from the financial mess, and cover up the debts, he made more frenetic deals. By the time the bank realized, Leeson had created over a billion dollars worth of debt. Trying to escape from his problems, Leeson decided to run away with his wife; first to Borneo and then to Frankfurt where he was arrested and extradited to Singapore, the place where his investing activities transpired.
People create problems for themselves and, to avoid the responsibility or consequences of it, many are tempted to try to escape from the difficulty, just as Nick Leeson tried to do. …
