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To: maceng2 who wrote (149582)	2/7/2002 6:13:37 AM
From: maceng2	Read Replies (1) \| Respond to of 436258

'Rogue trader' has met FBI - lawyer The foreign exchange trader who allegedly defrauded a bank of about £500 million has met FBI and federal prosecutors voluntarily, according to his lawyer. Bruce Lamdin said no charges had been brought against Mr Rusnak by authorities. Mr Rusnak, a 37-year-old from Baltimore, worked for Allied Irish Bank subsidiary Allfirst. "My client is not a fugitive," Mr Lamdin said. "We hope that things will take their natural course from here. That's up to the US attorney's office." Officials at Allfirst bank have acknowledged they do not know how Mr Rusnak, a father-of-two, allegedly defrauded them. CEO Susan Keating told reporters that the trader, "was a solid performer". "Clearly the controls broke down," she said. "We don't fully understand how those broke down." Allied Irish Chief Executive Michael Buckley said: "We are hugely disappointed that our Allfirst control procedures failed to uncover this situation at an earlier stage. "The investigation now under way will determine not only how it arose but also how we can guard against any recurrence." Ms Keating said five employees in the Allfirst's treasury department had been suspended, including Mr Rusnak. She said that if Mr Rusnak showed up at Allfirst, he would be fired. ananova.com