4 Names That Come To Mınd In The Context Of Forex Fraud
The forex market, which is considered the world’s most liquid and largest financial market, has been the scene of many talents in the history. These frauds, which I think are recognized by almost everybody in the market, are famous enough to be the subject of films. Get ready to get to know the 4 most talented swindlers the Forex market has ever seen. Forex fraud is not forgotten and the first 4 crookers come to mind!
Yasuo Hamanaka: Fraud $ 2.6 Billion
The first name that comes to mind when it comes to Forex fraud is Yasuo. Yasuo Hamanaka has made unauthorized transactions and lost $ 2.6 billion at the end of five years. As a result, ‘Mr. Copper’ was sentenced to eight years’ imprisonment in 1998 among gray suits.
Nicholas William Leeson: Fraud 1.4 Billion Dollars
As a result of the accounting mistakes he made in 1994, Leeson, who deleted 20 thousand sterling records, succeeded in closing his mistake by taking big positions on behalf of the company. Nick Leeson, who was arrested directly after the scandal that occurred in 1995, has also bankrupted his bank. This scandal, which is referred to as Tarihe Barings Bank Incident, also forms the subject of the movie Rogue Trader.
John Rusnak: Fraud $ 691 Million
Rusnak, who played more aggressively in the market in 1996, began to lose money with his famous false new Japanese forecasts. When it came to 1997, Rusnak; $ 29.1 million, and by 2001 nearly $ 300 million had been lost. As a result, Rusnak was sentenced to seven and a half years in prison and $ 691 million in fines.
Jerome Kerviel: Fraud $ 7.1 Billion
Jerome Kerviel, one of the traders working for the European French Societe General Bank, was charged in 2008 with the exception of non-jurisdictions, which caused the bank to lose 7.1 billion dollars. Jerome Kerviel, a young trader who has committed unauthorized transactions, was sentenced to 5 years in prison and $ 7.1 billion in repayment.
These names have been able to print to history their names with Forex fraud.