Rogues' Gallery: A Look at the Industry's Hall of Shame
Sitanta Ni Mathghamhna looks at the industry’s own hall of shame—a précis of some of the biggest trading frauds in history.
Toshihide Iguchi, Daiwa Bank
TOTAL LOSS: $1.1 billion
Toshihide Iguchi, a former Japanese government bond trader at Daiwa Bank, was responsible for $1.1 billion in losses over a period of 11 years.
Iguchi’s slide began in 1983, when he made a $70,000 trading loss, which he concealed in order to protect his job. He continued trading to recoup the deficit which snowballed to
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