5 traders who marked their time

In the world of online trading, there are characters who have left their mark on people’s minds, not only for their prowess, but also for their actions that sometimes go beyond ethics. Here are 5 of the most sulphurous traders in the world.

Fabrice Tourre

trader fabrice tourreBearing the very evocative nickname of “Fabulous Fab“, Fabrice Tourre is a master of mathematics. At the age of 22, he joined Goldman Sachs. In 2007, he was accused of fraud against his clients. Quickly, things get complicated for the young trader who has to pay a large fine of more than half a billion dollars and loses his operator’s licence. Justice found him guilty of 6 crimes, including “stock fraud”. Today, banned from the financial markets, he is a professor of “Elements of Economic Analysis” at the University of Chicago.

Jérôme Kerviel

Jérôme Kerviel traderA few years ago, the name “Jérôme Kerviel” was particularly popular on the Internet. At the beginning of 2008, this trader was at the top of the list of Google searches. Why? Why? Because he is at the origin of a loss of more than 7 billion at the bank for he was working then: Société Générale. With positions approaching 60 billion, it suffered a sudden drop in the CAC 40. Since the stock market began, Jérôme Kerviel has suffered the greatest loss of all time. It is only in 2014 that the trader is definitively convicted. Among the charges: breach of trust, forgery and use of forgeries, computer manipulation… But the case is not over yet because Jérôme Kerviel has also decided to file a complaint..

Sylvain Duport

sylvain duport brokerSylvain Duport is a character that the public discovered in 2004 when he participated in the Trophée de la Bourse competition, an event by Capital (the magazine). On this occasion, he has, like the other participants, a fund of 1,500 euros which he must make grow over a period of six months. At the end of the competition, he reached a rate of 3,035 per cent. This is a real achievement thanks to which he obtains a prize of 100,000 euros. We then talk about him as a true genius of the financial world. Moreover, he repeated his prowess a year later with a performance of 5,000%. From now on, the trader is responsible for a large portfolio with Boussard & Gavaudan, in addition to his own portfolio whose value exceeds one million euros.

Bruno Iksil

bruno iksilBruno Iksil, for his part, is a trader of JP Morgan. He stands out in 2012 when he takes a huge position of a hundred billion dollars, followed by a loss exceeding 6 billion euros. Given the importance of this action, the prices were impacted. Even though the American bank did everything to remain discreet, he had to pay fines, in addition to the losses he incurred. For his part, Bruno Iksil was not worried…

Tom Hayes

tom hayesFinally, there is Tom Hayes who is nicknamed “Rain Man“, because of his rather reserved, even taciturn temperament. In 2013, he was on the list of defendants in a case involving traders working for major banks around the world. They allegedly conspired to manipulate the Libor to their advantage between 2006 and 2010. In 2015, at 35 years of age, his trial ended with a 14-year prison sentence.