Australian authorities ban Deutsche FX trader for life
Andrew Donaldson tried to hide losses with false entries and inflated the bank's revenues by 28 million euros
The Australian Securities and Investments Commission (Asic) has permanently banned a former Deutsche Bank currency trader from the industry, following an investigation that showed several false trades inflated the bank's revenue by 28 million euros.
Sydney native Andrew Donaldson was found to have made a series of incorrect entries into Deutsche Bank's records to temporarily offset the trading losses he accrued and artificially increase his reported trading profits.
Donaldson worked as a foreign
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