31.   Daiwa has pleaded guilty to charges that it tried to conceal the losses by a rogue trader, and was ordered to close its U.S. operations.

32.   George said the trader concealed his losses from senior management and regulators through collusion with employees who help finalize trades at the end of each working day.

33.   George said the trader, who has not been formally identified, had help from colleagues to conceal losses which built up in just three weeks.

34.   It said he forged records of options purchases, either to conceal losses or to skim the fees paid for the options.

35.   It said he forged records of options purchases, either to conceal losses or skim the fees paid for the options.

36.   Leeson concealed his losses, kept on trading and continued losing.

37.   Prosecutor Lawrence Ang portrayed Leeson as a young trader who lied and resorted to cut-and-paste forgery to conceal losses from regulators.

38.   Prosecutor Lawrence Ang portrayed Leeson as a young trader who used lies and deceit and resorted to cut-and-paste forgery to conceal losses from regulators.

39.   Prosecutors say he forged documents and deceived Barings and SIMEX officials to conceal his losses.

40.   Skilling said he had no knowledge that the partnerships run by his longtime colleague Andrew Fastow were designed to conceal losses.