landmarks

This page highlights some landmarks of financial roguery

1856

suicide of banker John Sadleir

1869

Jay Gould attempts to corner gold market

1892

collapse of Jabez Balfour's Liberator group

1898

Ernest Terah Hooley declared bankrupt

1900

Whitaker Wright group collapses

1907

F. Augustus Heinze tries to corner market in United Copper shares, precipitates US Panic of 1907

1920

Charles Ponzi's scam dissolves

1932

collapse of Kreuger & Toll

1934

death of Serge Stavisky

1966

Emil Savundra's Fire, Auto & Marine Insurance Co collapses

1973

collapse of Equity Funding

1990

Christopher Skase flees Australia after collapse of Quintex

1991

collapse of Robert Maxwell's media group, with pension fund deficiency of £440m

collapse of Giancarlo Parretti's media group

1995

Barings futures trader Nick Leeson loses £827m

Daiwa Bank trader Toshihide Iguchi loses £557m

1996

Sumitomo commodities trader Yasuo Hamanaka revealed to have lost £1.3bn

1997

Morgan Grenfell fund manager Peter Young loses US$700m million on equities trading

Alan Bond jailed for four years over movement of $1.2bn from Bell Resources

collapse of Bre-X Minerals

2002

Allied Irish Bank currency trader John Rusnak revealed to have lost £350m

collapse of Enron

collapse of WorldCom

2003

Parmalat reveals €4bn deficiency in accounts

2006

Bawag chief executive Helmut Elsner and trader Wolfgang Flöttl charged over US$2.5bn losses on currency and interest rate swaps

2007

Bank of Montreal gas trader David Lee loses US$800m

2008

Société Générale trader Jerome Kerviel loses US$7.1bn

Bernard Madoff'd ponzi scheme estimated to have lost US$50bn




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