sonray in voluntary administration, page-49

"The old 'rouge trader' line never seems to fail being trotted out. But is it a bad trader or bad management?
I guess it is the broking industries version of the 'computer problem' line."

>>

As it turns out, the rouge trader is a red herring.

I thought it smelt fishy.

http://www.businessspectator.com.au/bs.nsf/Article/Sonray-trader-not-to-blame-for-collapse-report-pd20100709-76QY7?OpenDocument&src=hp7