Ten devil trader have done what After being released from prison the stain has become a selling point
- 2023/2/26 3:29:01
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An onl forex trading session timese trading training platform Bizintra said Nick & bull; Leeson (NickLeeson) will hold a free full-day trading course next month The name immediately attracted the attention of many people Nick & bull; Leeson ( NickLeeson, one of the most famous devil traders in the history of finance 1995, the worlds oldest bankruptcy of the Bahrain Bank (BaringsBank), it forextradingmarket Nick & bull; Leeson single-h forextradingtimeedly caused Bizintra said he will be in the training course about his own personal trading mistakes 1992, Leeson was only 28 years old, the wind is very strong, as the BaringsBank (BaringsBank) in the Singapore International Financial Exchange (SIMEX) operations director because the Singapore office away from the top of the Bahrain Bank, Risen was able to handle his own work full of a series of unauthorized Nikkei futures and options trading suffered huge losses he hid these losses in the unknown 88888 account in early 1995, Japan Kobe In February, the Bank of Bahrain declared bankruptcy, with a total loss of $1.3 billion. Bizintra said cashback forex Risens full-day training course named the truth, he will tell the audience how to avoid Risen-style mistakes this course in addition to a comprehensive introduction to the financial trading market, but also to reveal the industrys unknown behavior, and Nick in the end what mistakes led to the biggest financial scandal of the 20th century Bizintra on social media platforms Bizintra has collected the most important questions that people want to ask Risen, and Risen himself replied with a message: What I want to ask myself is: What was I thinking back then? Devil trader a word that makes people change color last century in the financial industry can be described as mixed, after decades of change, risk management and other aspects have become the top priority of the financial industry, internal compliance regulation is also increasingly strict, many people even believe that the phenomenon of devil trader nearly disappeared but in 2012 the former UBS trader KwekuAdoboli let people again KwekuAdoboli: $2.3 billion in lossesIn 2012, KwekuAdoboli was sentenced to seven years in prison for two fraudulent actsHe was an equity trader at UBS in London, and in order to cover up the real trading risks, KwekuAdoboli fabricated hedge trading records He also set up a reserve fund to store profits in order to cover losses if needed KwekuAdoboli admitted his guilt, but insisted that his purpose was only to bring more profits to UBS and said that UBS would acquiesce to his actions when they had been profitable, the largest financial fraud in British history KwekuAdoboli has also become a recognized devil trader after JérômeKérviél It is reported that KwekuAdoboli has been released early and followed in the footsteps of Nick•Risen as a mentor and spokesman for risk management, but faces expulsion from his home country The plight of the expulsion of Ghana 2.JérômeKérviél: loss of $ 7.1 billion in 2008, the global financial crisis erupted in such a time of crisis, JérômeKérviél boldly invested heavily in un Authorized European equity derivatives trading, he made SociétéGénérale lose about $7.1 billion JérômeKérviél earned the title of the most devilish trader in history Before becoming a trader, JérômeKérviél worked in Societe Generales compliance department, so he always had a way to manipulate the system and hide losses In 2010, he was sentenced to three years in prison JérômeKérviél eacute;l had insisted that Société Générale had known about his transactions but chose to turn a blind eye, so Société Générale should also share responsibility for the losses In 2014, Frances highest court upheld the conviction, holding JérômeKérviél fully responsible, although France YasuoHamanaka: $2.6 billion in lossesYasuoHamanaka, also known as Mr. Copper, was a professional copper trader at SumitomoCorporation in Japan, where he was rumored to control 5% of the world copper market. Brian Hunter: $6.5 billion in losses Brian Hunter was a trader at venture capital fund AmaranthAdvisors who bet on natural gas futures trading. When Hurricanes Katrina and Rita hit the U.S. in 2005, natural gas prices nearly tripled, making Amaranth so profitable that it attracted more investors In March 2006, TradersMonthly magazine ranked Hunter 29th on its list of top traders Hunter made the same natural gas futures trade in 2006 However, However, as the violent hurricane had disappeared and the price of natural gas fell Hunters futures trading eventually cost Amaranth over $6 billion in losses and he eventually declared bankruptcy 5. assets of more than $100 billion LTCM promised an arbitrage strategy that would theoretically reduce the level of risk to zero, attracting many investors In 1998, LTCM placed a bet that the troubled Russian financial markets would return to normalcy and therefore took a large non-hedged position in the Russian debt crisis Global financial turmoil, Russia defaulted, and LTCM went bankrupt instantly due to Fearing the impact of a larger financial crisis, the U.S. federal government stepped in and gave LTCM a $3.65 billion loan which allowed LTCM to enter the liquidation process smoothly in the early 2000s 6. Liu Qibing: Over $1 billion Liu Qibing had believed that copper prices would fall and therefore bet a large amount on the results, copper prices rose sharply, resulting in a large loss for Liu Qibing, which is the famous domestic state reserve copper incident Liu Qibing had served in the Chinese State Reserve Bureau of the Chinese government to suppress copper prices, the external claim that the size of copper reserves than previously estimated 5 times more, denying the existence of Liu Qibing and once shorted the price of copper from the Chinese governments side of the inconsistent information, resulting in Liu Qibing caused by the details of the loss still remains controversial, also unknown, and Liu Qibings whereabouts after the fact 7. John Rusnak was employed by AllfirstFinancial, the U.S. branch of Allied Irish Banks (AIB), as a foreign exchange trader in 1993, and in 1996, Rusnak began risky trading in the Japanese yen In 1997, he lost $29.1 million, a figure that became $300 million by 2001 He concealed He concealed these losses and created the illusion that the bank was still profitable, and was rewarded with more than $433,000 for doing so, and then a $300,000 options order brought his total losses to $691 million. Julian Robertson is one of the few losers to have had the largest lineup of investors. He founded TigerManagement in 1980, and between 1980 and 1996, he managed to expand his $8 million investment capital to $7.2 billion. Robertson was not bullish on technology stocks, believing that the tech bubble would eventually burst, and therefore slowly lost the opportunity to ride the tech fast. As a result, the Tiger Fund suffered huge losses and had to close all its funds in 2000, leaving $6 billion in capital ($23 billion in 1998) 9. In 1996, Young was fired from the European Growth Trust after irregularities were discovered in the fund he managed. In 2000, Young was found to be insane, and he was unfit to stand trial for inflicting harm on himself, having dressed as a woman in a courtroom and claiming his name was Elizabeth.10. HuntBrothers: Specific loss figures are not availableNelsonBunker and WilliamHerbertHunt, two brothers, purchased close to 100 million ounces throughout the The brothers purchased close to 100 million ounces of silver bullion throughout the 1970s in an attempt to manipulate the silver market, which led to a spike in the price of silver in January 1980 and ultimately to a plunge in the price of silver on March 27, 1980, a day that became known as Silver Thursday.