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Former currency trader accused of hiding $691 million in losses pleads guilty

...since Nick Leeson lost more than $1 billion on futures trades and caused the 1995 collapse of England's distinguished Barings Bank. Rusnak ran up the losses at Allfirst Financial over five years, mostly from trading Japanese yen. While trying to...

http://brainerddispatch.com/stories/102502/nne_1025020013.shtml
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