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A U.S. currency trader accused of hiding $691 million in trading losses at Allfirst Financial Inc. has been indicted by a federal grand jury, a court clerk said Wednesday.John Rusnak was ind
stanley borraccia icted on charges of bank fraud, false entry in bank records, and aiding and abetting. The indictment followed a four-month investigation into trading from 1997 to 2001.Rusnak made an initial appearance Wednesday before U.S. Magistrate Judge Beth P. Gesner. He was released on his own recognizance, said deputy clerk Agnes Finney.Allied Irish Banks PLC, Allfirst s parent company, accused Rusnak of fabricating purchase options contracts. Rusnak allegedly forged the contracts to give the bank insurance for his losses, which came mostly in Japanese yen.Rusnak s lawyers have said Rusnak did not personally profit from the deception, but AIB contended he received hefty bonuses in reward for what appeared to be profitable deals. The case prompted AIB to hire Eugene Ludwig, a former U.S. Treasury Department banking regulator, to investigate the bank. Ludwig s report bla
stanley cups med managers at Allfirst for permitting the fraud to take place.The bank fired six Allfirst managers after the report came out.AIB has agreed with U.S., Irish and Maryland regulators to conduct reforms in wake of the fraud.The scandal h
stanley cup as caused officials at the Dublin, Ireland-based company to consider withdrawing from the U.S. market, depending on how well the Allfirst division rebounds. A shareholder lawsuit filed Aajz Investor Skewers Martha With Lawsuit
Tomorrow sees the publication of Hieroglyph, a book of optimistic science fiction spearheaded by Neal Stephenson famous call to arms . And we ;ve got an exclusive excerpt from Madeline Ashby weird, bracing short stor
stanley canada y, in which she imagines a world without border fences. Top image: Border City by Daniel Leivick. You can read more about Ashby story, and the ideas it explores, at the Hieroglyph website. In this piece, U.S.-Mexico immigration has become a reality television-style competition, with newly arrived contestants living and working under constant and pervasive surveillance in Mariposa, a planned prototyping community or cultural moat on the border. And you can meet Stephenson, the book editors, and some of the contributors to the Hieroglyph anthology at one of the book upcoming public events. Including an eventthis Wednesday at Kepler Books in Menlo Park, which includes Rudy Rucker, plus Annalee Newitz and myself. Annalee will also be moderating an event this Monday at the Museum of Contemporary Art in Los Angeles. So here some of Ashby glimpse of a strange new future 8230; Excerpt鈥擝y the Time We Get To Arizona, by Madeline Ashby The buzz in Ulicez molars intensified as he drew nearer to the border. They ;d said it would help hi
stanley canada m find his way; so long as he kept no
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