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To: maceng2 who wrote (199947)	10/24/2002 11:48:53 AM
From: 10K a day	Respond to of 436258

yah. nothing like a day for flying junk...Somebody needs to work on that nasdaq algorithm...

To: maceng2 who wrote (199947)	10/24/2002 1:08:39 PM
From: maceng2	Respond to of 436258

'Rogue trader' pleads guilty to bank fraud By Demetri Sevastopulo in Washington and agencies Published: October 24 2002 17:33 \| Last Updated: October 24 2002 17:33 news.ft.com John Rusnak (pictured), the former foreign exchange trader at the centre of the Allfirst scandal, pleaded guilty to bank fraud at the US subsidiary of Allied Irish Banks. The Baltimore-based trader, who was originally indicted in June on seven counts for hiding $691m in trading losses, admitted guilt on just one count of bank fraud. In a plea bargain, Mr Rusnak agreed to serve seven and a half years in return for helping the authorities investigate the possible involvement of others. Mr Rusnak had faced 30 years in prison and $1m for each count if convicted. The court is expected to sentence Mr Rusnak on January 17. In one of the largest trading scandals in history, Mr Rusnak used ficticious documents and off-balance sheet accounts to hide huge losses, which he racked up when a Japanese yen futures trade started to move against him.