MORE ROGUE TRADERS

Bloomberg has a list of rogue traders you may not have heard of:

- John Rusnak, a Baltimore-based trader for Allied Irish Banks, is serving 7 1/2 years in prison for his role in amassing and hiding $691 million of losses over more than five years. Allied Irish Banks discovered the losses in 2002, and sold the Allfirst Financial unit where Rusnak worked to M&T Bank Corp. of Buffalo, New York.

- ``I didn't set out to rob a bank,'' former Daiwa trader Toshihide Iguchi told Time magazine in a 1997 interview at a prison in Pennsylvania, where he was serving a four-year sentence for fraud and falsifying documents. Tokyo-based Daiwa in 1995 was forced to shut its U.S. branches after disclosing a $1.1 billion loss from 11 years of unauthorized trading by Iguchi, its chief New York government bond trader.

- A year later, Sumitomo disclosed a $2.6 billion loss on unauthorized copper trades. The Japanese firm blamed its chief copper trader, Yasuo Hamanaka, who was known as ``Mr. Copper'' in the markets because of his aggressive trading. Hamanaka was sentenced to eight years in prison in 1998. He was released in 2005.

NOTE: Frank Partnoy in INFECTIOUS GREED claims that Hamanaka traded with the full knowledge of Sumitomo.