This section reports of reknowned rogue traders who committed a fraud on their employer and cost huge losses
John RusnakJohn 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 mill
http://en.wikipedia.org/wiki/John_Rusnak
Societe Generale Trading Loss of $ 5billionJérôme Kerviel (born January 11, 1977)[1] 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.[
http://en.wikipedia.org/wiki/Jérôme_Kerviel
The End of the Financial World as We Know ItOp-Ed Contributors
The End of the Financial World as We Know It
By MICHAEL LEWIS and DAVID EINHORN
Published: January 3, 2009
AMERICANS enter the New Year in a strange new role: financial l
http://www.nytimes.com/2009/01/04/opinion/04lewise...