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 ?
They include: John Rusnak, president of Pilgrimage Development, has agreed to build 20 ZIPS Dry Cleaners.
ZIPS Dry Cleaners' new franchisees will add units throughout the Mid-Atlantic and East Coast
ROGUE trader John Rusnak - whose reckless dealing cost AIB more than [euro]533million - yesterday said he was sorry for the massive fraud.
ROGUE TRADER 'SORRY' FOR HIS [euro]553m FRAUD; Rusnak warns bonus culture will see same thing happen again
The gallery program includes works by Georg Baselitz, Norman Bluhm, Fernando Botero, James Brooks, Alexander Calder, John Chamberlain, Michael Goldberg, Hans Hofmann, Robert Indiana, Wolf Kahn, Joan Miro, Pablo Picasso, Robert Rauschenberg, and Andy Warhol along with contemporary artists Eric Fischl, Hal Buckner, Ramsey Dau, Desire Obtain Cherish, Carole Feuerman, Kim Gottlieb-Walker, Dana Louise Kirkpatrick, Victor Matthews, Brendan Murphy, John Rusnak, Cole Sternberg, Bernie Taupin and Federico Uribe.
Bernie Taupin / Tes-ta-ment / Artist Reception at New Chicago Location
John Rusnak, 49, of Freeport, NY, also faces a felony charge of fraudulent insurance practices.
Three arrested in NYSIF cases in Suffolk County
John Rusnak was sentenced to seven years in 2003 for defrauding Allfirst, an AIB subsidiary in America.
EUR700m AIB fraudster is freed
The Irish company is claiming pounds 310m from Citibank and Bank of America for allegedly assisting their former employee, John Rusnak, to defraud them.
AIB to sue US banks
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 SUES AMERICAN BANKS OVER FRAUD; Irish group claims losses of EUR600m after trading scam
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.
Irish bank giant in bonanza year
Rogue Allfirst trader John Rusnak was subsequently jailed for seven years.
War 'biggest threat' to bank's business
AIB group chairman Lochlann Quinn said: "Let's face it, we missed it," as six executives were sacked for failing to notice the activities of Baltimore trader John Rusnak.
Six sacked for $700m bank loss
The bank has mounted a joint effort with their customers to raise money for various charities, just days after foreign exchange trader John Rusnak was implicated in the fraud at an American subsidiary of the bank.
Allied Irish Bank sponsors charity day
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