Biggest financial frauds in the world

Madoff - An alleged $50 billion Ponzi scheme fraud which is easily the biggest fraud in the history of capital markets.

Jerome Kerviel - Parisian trader of Societe Generale created damages of 7.1 billion dollars with term operations on european stock indicators.

Brian Hunter - Lost of 6.4 billion dollars from operations with derived instruments with natural gases lead to the extinction of Amaranth Advisory investment fund.

Giancarlo Paretti - The italian business man buyed using credits from banks Hollywood studios, merging into fraudulent operations that caused 5 billion dollars lost.

John Meriwether - Derived placements with active supports made by the financial director of Salomon Brothers caused lost of 4.6 billion dollars.
Yashuo Hamanaka - Copper trader of Sumitomo Corporation caused 2.6 billion lost with wrong term transactions placement.

Harshad Mehta - obtained funds from the bank market, which he operated at Bombay Stock Exchange. In 1992 the Indian stock exchange collapsed, the total lost being around 1.3 billion dollars.