10 biggest trading losses in history

POSTED: 06:22 AM PDT Jul 13, 2012    UPDATED: 02:20 PM PDT Jul 13, 2012 

As JPMorgan picks up the pieces in the wake of a $5.8 billion trading loss, check out the 10 biggest trading losses in history.

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5. $3.5 Billion: Sumitomo Corp.- In 1995, Japanese financial giant Sumitomo Corporation’s top copper trader, Yasuo Hamanaka, was discovered to be illegally covering up $2.6 billion in trading losses. Hamanaka admitted to charges of forgery and fraud in court and was sentenced to eight years in prison.


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