(Wikipedia)The following contains a list of trading losses of the equivalent of USD100 million or higher. Due to the secretive nature of many hedge funds and fund managers, some notable losses may never be reported to the public. The list is ordered by the real amount lost, starting with the greatest. Name Nominal Amount Lost USD FX Rate at time of loss USD Equivalent at time of loss USD Inflation since loss until 2007-12-31^[1] Real Amount Lost Citizenship Employer Source of Loss Year Kerviel, Jér^omeJér^ome Kerviel^[2] EUR 4.9 billion 1.45 USD 7.1 billion 0 % USD 7.1 billion France Société Générale European Index futures 2008 Hunter, BrianBrian Hunter^[3] USD 6.5 billion 1 USD 6.5 billion 3 % USD 6.7 billion Canada Amaranth Advisors Gas futures 2006 Meriwether, JohnJohn Meriwether^[4] USD 4.6 billion 1 USD 4.6 billion 27 % USD 5.85 billion United States Long Term Capital Management Interest Rate and Equity Derivatives 1998 Hamanaka, YasuoYasuo Hamanaka JPY 285 billion 109.5 USD 2.6 billion 32 % USD 3.44 billion Japan Sumitomo Corporation Copper futures 1996 Fl"ottl, WolfgangWolfgang Fl"ottl, Helmut Elsner EUR 1,531 billion 1.25 USD 1.913 billion 3 % USD 1.97 billion Austria BAWAG Currency- and interest swaps 2006 Citron, RobertRobert Citron USD 1.7 billion 1 USD 1.7 billion 40 % USD 2.38 billion United States Orange County Interest Rate Derivatives 1994 Leeson, NickNick Leeson GBP 827 million 1.6 USD 1.323 billion 36 % USD 1.8 billion United Kingdom Barings Bank Nikkei Futures 1995 Schimmelbusch, HeinzHeinz Schimmelbusch^[5] DEM 2.63 billion 0.52 USD 1.38 billion 43 % USD 1.96 billion Germany Metallgesellschaft Oil Futures 1993 Iguchi, ToshihideToshihide Iguchi^[6] JPY 103.4 billion 94 USD 1.1 billion 36 % USD 1.5 billion Japan Daiwa Bank Bonds 1995 Lee, DavidDavid Lee US$0.8 billion United States Bank of Montreal Natural Gas Options 2007 Breuers, FriedhelmFriedhelm Breuers US$0.8 billion Germany WestLB Common and Preferred Shares 2007 Rusnak, JohnJohn Rusnak US$0.7 billion United States Allfirst Currency 2002 Young, PeterPeter Young US$0.7 billion United Kingdom Morgan Grenfell Shares 1997 Jiulin, ChenChen Jiulin US$0.6 billion China China Aviation Oil (Singapore) Oil Futures and Options 2004 Goldstein, RamyRamy Goldstein US$0.5 billion United Bank of Switzerland Global Derivatives 1998 Jett, JosephJoseph Jett^[7] US$0.4 billion United States Kidder Peabody Government Bonds 1994 Askin, DavidDavid Askin US$0.4 billion United States Askin Capital Management Mortgage-Backed Securities 1994 Berger, MichaelMichael Berger^[8] US$0.4 billion United States Manhattan Investment Fund Short IT stocks during the internet bubble 2000 Kulterer, WolfgangWolfgang Kulterer^[9] US$0.4 billion