Man Planning Terrorist Attack in the UK Had Plans Ruined After Losing Money on Currency Trades

Rahin Ahmed has pleaded guilty to terrorist charges

From a suburban house in the central English city of Birmingham, Rahin Ahmed traded dollars and euros to raise money for what prosecutors said could have been the biggest terrorist attack on U.K. soil.

Over four weeks in 2011, his group's plan to use backpacks to plant bombs around the country fell apart as he lost 62 percent of his 14,550 pounds ($22,000) on small-volume currency trades.

H/T Uldis Bir?elis