Rogue Trader

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Rogue Trader

A trader who makes frequent, large, and usually reckless investments without regard for his/her client or institution. The rogue trader does not work in concert or consultation with anyone else, but typically handles other people's money. Obviously, the investments the rogue trader makes are very high risk, and he/she usually ultimately fails. See also: Nick Leason, John Rusnack, Chen Jiulin.
References in periodicals archive ?
South Wales Police said rogue traders use unscrupulous tactics and target residents, particularly the elderly or vulnerable, and deliberately overcharge for unsatisfactory services.
Chief Superintendent Peter Costello, from Merseyside Police, said: "The aim of Operation Rogue Trader is to work with partners to disrupt and enforce the law against rogue traders.
In addition, the county council is experiencing a rise in the number of people reporting rogue traders and poor animal welfare.
In some of the cases victims have reported that the rogue traders have driven them to the bank to withdraw cash.
Cllr Philip Evans said: "We have implemented more than 1,000 cold calling controlled zones and contributed to a significant reduction in rogue trader incidents.
Mike Lynn, Consumer Protection Manager for Trading Standards, issued advice to Coventry residents regarding rogue traders.
If cold calling by rogue traders and high pressure sales people was banned, as Age Cymru is calling for, there is a strong chance that a lot of these crimes would cease.
However, under the new regulations rogue traders can be challenged by victims in a more effective manner.
Rogue traders are dishonest traders who sell goods or services on line.
Officers pulled over transit vans and flatbed vans and used automatic number plate recognition (ANPR) technology to identify suspect vehicles as part of an operation to target rogue traders, this week.
We have been deluged with calls from residents who have been stung before by rogue traders," he said.
Rogue Traders star Dan Penteado claimed housing and council tax benefits while earning more than pounds 56,000 from the show.