John Rusnak

(redirected from John Rusnack)

John Rusnak

A former currency trader who attempted to hide nearly $700 million in losses that he incurred. In 2003, he was sentenced to seven and a half years in prison for bank fraud. He served six years combined in prison and house arrest.
References in periodicals archive ?
Despite record profits, Mr Buckley's four-year reign at AIB was marred by several major scandals, including the loss of almost 700m euros (pounds 487m) at the bank's US subsidiary, Allfirst, by rogue trader John Rusnack, and the overcharging of customers for foreign exchange transactions.
Despite record profits, Mr Buckley's four-year reign at AIB was marred by some major scandals, including the loss of almost pounds 487 million at the bank's US subsidiary, Allfirst, by rogue trader John Rusnack, the non-disclosure of Deposit Interest Retention Tax (Dirt) to the Irish revenue and the overcharging of customers for foreign exchange transactions.