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7 Rogue Traders topics matching:
Filter this Collection| x name | x image | x employer | x loss | x article | |
|---|---|---|---|---|---|
| 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. His unsupervised unauthorized speculative trading on Singapore's Singapore International Monetary Exchange (SIMEX) caused the collapse of Barings Bank, the United Kingdom...
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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. Five...
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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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