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A comment on Finance worker pays out $25M after VC with deepfake CFO. Parent comment

Re:Finance worker pays out $25M after VC with deepfake CFO by ponector on Sunday February 04, 2024 @11:36AM (#39251692)
And then you hear stories like that one about french trader Jérôme Kerviel who did unauthorized trades with 5 billion losses.

And many more stories like that.

But yes, for small fish there is an approval process for everything, even to but a paper clip.

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Re:Finance worker pays out $25M after VC with deepfake CFO by blibble on Sunday February 04, 2024 @11:42AM (#39251762)
controls applied to traders are very different

a common thread in these modern rogue trader scandals are that the perp worked on the controls or monitoring system in a role prior to becoming a trader

so they knew how to structure their trades in such a way to evade detection

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