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17 Mar 2010
A Lehman's staffer was axed from his job a month after raising the alarm to his bosses regarding the collapsed investment bank's accounting for $50bn of risky loans.
On 16 May 2008 Matthew Lee, a senior vice president in the bank's accounting division told executives investors and regulators would be unaware of the Repo 105 transactions in Lehman's quarterly figures.
However by the end of June, Lee a 14-year Lehman's veteran had been sacked, The Wall Street Journal reported.
Lee provided evidence included in the hard-hitting report published last week into the collapse of the bank.
Further reading:
Lehman CFOs were warned of "reputational risk" of transactions
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Briefings
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AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
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