Joseph Jett

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 reality, nothing more than an accounting error. He was discovered in 1995. more

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  • Joseph Jett
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From the Financial Meltdown base

loss:

Currency Amount Valid Date
  • 300,000,000
  • 1995
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