Weht.net

Archive for the ‘Business and Finance’ Category

the Boo.com founders

The co-founders of Boo.com, the .com flameout that vapourized 130 Million of investor funds in record time, setting the tone for the tech wreck of 2000 and beyond…

Michael Milken

Knicknamed The Junk Bond King he worked at Drexal Burnham Lambert and helped fuel the mergers & acquisitions mania of the 1980s using high yield junk bonds. In 1989 he was indicted by a fedeal grand jury on insider trading and racketeering charges. Those charges were dropped and he pled guilty to securities fraud and [...]

The Rogue Trader

The man who single-handedly ruined England’s oldest bank, Barings, Nick Leeson made such an impession on the media that Ewan McGregor ended up playing him in the movie. In a nutshell, he made some bad derivatives trades which moved the other way on him to the tune of about 1.3 billion dollars (yes, that’s with [...]

John Delorean

His company made the cars that were in the ‘Back to the Future’ movies, but he really came into the public eye when he was arrested on felony charges for conspiracy to traffic drugs. (He was accused of trying to make a sizable cocaine deal to raise funds to save his floundering car company.) He [...]