In fact, Leeson actually started as Account 88888 since he came to Singapore. He lost money from the beginning. Repeated bets made him lose increasingly more money. By the end of 1992, 88888 account already registered a loss of GBP 2 million. A year later, the loss amounted to GBP 23 million. By the end of 1994, already account astonishing record loss of GBP 208 million, without suspecting bank's management.