Special Report on
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BAWAG Capital Finance - Trends
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In forex trading we would never make a mistake and cause small and large losses in Demo or Real account. We introduce to you about two people who cause harm to a large bank in Austria that is the Bank für Arbeit und Wirtschaft AG (BAWAG). Losses due to foreign exchange transactions. Both men are Flöttl Wolfgang and Helmut Elsner. The total losses caused by them are for 1.4 billion euros (equivalent to $ 1.97 billion today - 2008). Event is known as the Refco scandal. BAWAG Profile Bank für Arbeit und Wirtschaft is a bank in Vienna, Austria with its mission as serving the Commercial banks banking, Investment banking, Private ...
During the past fortnight, there has been a marked increase in new visitors to the Toomre Capital Markets website looking for information on the Refco/Bawag scandal or its participants including Wolfgang Flottl [sometimes spelled "Floettl"]. The meltdown of Refco and its root causes (including Refco's facilitation in hiding Bawag losses) were covered in a number of TCM posts including these posts: here , here , here and here . The latest of these was posted back on April 2nd, 2006. Does the recent relatively sharp increase in TCM web traffic searching for information on ... Read More
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