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7 Rogue Traders topics matching:
Filter this Collection| x name | x image | x employer | x loss | x article | |
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| x Currency | x Amount | ||||
| x Nick Leeson |
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Barings Bank | UK £ | 827,000,000 |
Nicholas "Nick" Leeson (born 25 February 1967) is a former derivatives broker with no formal training as a dealer whose unsupervised and unauthorized speculative trading on Singapore's Singapore International Monetary Exchange (SIMEX) caused the...
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| x Jérôme Kerviel |
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Société Générale | Euro | 4,900,000,000 |
Jérôme Kerviel (born January 11, 1977) is a French trader who has been charged in the January 2008 Société Générale trading loss incident, resulting in losses valued at approximately €4.9 billion. Société Générale characterises Kerviel as a rogue...
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| x Toshihide Iguchi | Daiwa Securities Group | Yen ¥ | 123,000,000,000 |
Toshihide Iguchi (井口俊英, born 1951) is a former Japanese government bond trader at Daiwa Bank responsible for $1.1 billion in losses involving 30,000 unauthorized trades over a period of 11 years beginning in 1984.
Originally born in Kobe, Japan,...
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| x John Rusnak | Allfirst Bank | US$ | 691,000,000 |
John Rusnak was a former currency trader at Allfirst bank, then part of AIB Group, in Baltimore, MD, United States. On January 17, 2003 he was sentenced to 7 1/2 years in prison for hiding US$691 million in losses at the bank, after bad bets...
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| x Yasuo Hamanaka | Sumitomo Corporation | US$ | 2,600,000,000 |
Yasuo Hamanaka (浜中 泰男 ,Hamanaka Yasuo) is a man who formerly was the chief copper trader at Sumitomo Corporation- one of the largest trading companies in Japan - and was also known as "Mr. Copper" because of his aggressive trading style and "Mr....
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| x Peter Young | Morgan, Grenfell & Co. | US$ | 600,000,000 |
While working for Morgan Grenfell, Young used money from small investors in a series of banned, high-risk investments. Shell companies in Luxembourg were reportedly used to hide the fraud. The prosecution said he could not be convicted because he...
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| x Joseph Jett | Kidder, Peabody & Co. | US$ | 300,000,000 |
Government bond trader at Kidder, Peabody & Co realised his company's accounting system overvalued certain transactions. By exploiting this flaw, Jett made hundreds of millions of dollars worth of "profit" for his firm - money that was, in...
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