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| Liars, stop being stupid. He is a band director!! | |||
| '''John Rusnak''' was a former currency trader at ] bank, then part of ], in the ]. On ], ] he was sentenced to 7 1/2 years in prison for hiding US$691 million in losses at the bank, after bad bets snowballed in one of the largest ever cases of ]. | |||
| Rusnak could have faced up to 30 years in prison. The 7 1/2 year sentence was part of a ] with US prosecutors. Upon his release, he must start paying US$1,000 a month for the five years of his probation. | |||
| Rusnak will remain on the hook for the full $691 million he lost, but prosecutors said the amount he pays back will depend on how much money he is able to make after leaving prison. | |||
| ==References== | |||
| '''Panic At The Bank''' a book written by '']'' and ''Conor O'Clery'', both journalists which followed the story for the Irish newspaper ], that details the events which lead up to the fraud and how it was carried out and hidden from the banks authorities. Published by ]. | |||
| == See also == | |||
| ] | |||
| ==External links== | |||
| * http://www.erisk.com/Learning/CaseStudies/ref_case_aib.asp | |||
| * A book review of ''Panic At The Bank''. | |||
| * The owner of ''Allfirst'' bank at the time of the fraud. | |||
| * - in ''Adobe PDF'' format. | |||
| ] | |||
| ] | |||
| ] | |||
| ] | |||
| ] | |||
Revision as of 02:50, 3 September 2007
Liars, stop being stupid. He is a band director!!