Rogue trader accused of hiding €800m losses

A rogue currency trader accused of hiding €800m in trading losses at AIB-owned Allfirst Financial was today indicted by a US federal grand jury.

Rogue trader accused of hiding €800m losses
Wed, 05 Jun, 2002 - 20:29

A rogue currency trader accused of hiding €800m in trading losses at AIB-owned Allfirst Financial was today indicted by a US federal grand jury.

John Rusnak was indicted on charges of bank fraud, false entry in bank records, and aiding and abetting. It followed a four month investigation into trading from 1997 to 2001.

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CourtsHeathrowPlace: USPlace: Baltimore, MarylandPlace: IrishPlace: MarylandPlace: DublinPlace: IrelandPlace: VirginiaPlace: PennsylvaniaPlace: SingaporePerson: John RusnakPerson: Beth GesnerPerson: RusnakPerson: Eugene LudwigPerson: LudwigPerson: Nick LeesonPerson: LeesonOrganisation: AIBOrganisation: Allfirst FinancialOrganisation: Allied Irish BanksOrganisation: AllfirstOrganisation: US Treasury DepartmentOrganisation: RusnakOrganisation: Barings bank
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