John Rusnak


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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 ?
The AIB was rocked by the multi-million euro fraud at the hands of rogue trader John Rusnak, who was jailed for seven-and-a-half years earlier this year.
AIB also faced multi-million losses because of the activities of rogue trader John Rusnak - jailed for seven years - at their former Allfirst American subsidiary company, in Baltimore, Maryland.
The Irish company is claiming pounds 310m from Citibank and Bank of America for allegedly assisting their former employee, John Rusnak, to defraud them.
ROGUE trader John Rusnak whose pounds 427m losses almost bankrupted an Irish-owned US bank was jailed for seven and a half years yesterday.
a wholly owned subsidiary of AIB today announced that their respective Boards of Directors have decided to take a number of actions to address the issues raised by the fraudulent trading activities engaged in by former Allfirst trader John Rusnak.
I'm equally confused by this pounds 500million trading loss by John Rusnak.
THE rogue trader behind a pounds 537m scam at the US subsidiary of Ireland's biggest banking group was named today as John Rusnak.
Amount defrauded by John Rusnak, a US currency trader, in 2002
Under the plea agreement, John Rusnak will be jailed for seven and a half years without parole for making a series of fictitious currency trades to cover up the trading losses he suffered in the 1990s.
John Rusnak, the former trader who is accused of engineering the scam, pleaded not guilty in June after being indicted on seven counts of bank fraud and false entry in bank records.
ROGUE trader John Rusnak has told the FBI he lost pounds 540m from Allied Irish Banks' American subsidiary as he tried to make up for his losses, it emerged yesterday.
ROGUE trader John Rusnak was on a billion dollar losing streak, it was revealed yesterday.