Collapse Files · CF-005
The Bank Had Been Trading Since 1762. One Account In Singapore Ended It. His Supervisor Never Asked.
Nathan Lees claimed that his supervisors in London knew nothing about the discrepancies in the accounts he managed. Gerald Howe, however, revealed that he received monthly reports and signed off on capital allocations, indicating a troubling lapse in accountability. This distinction is crucial in understanding the failures of oversight that led to massive losses.
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