Top 10 rogue traders

Would a rogue by any other name...

Liu Qibing10. Liu Qibing

China’s State Reserves
Bureau (SRB)
Reportedly $200 million-
$1 billion

Of all the rogue traders on this list, the most mysterious is certainly vanishing Chinese copper trader Liu Qibing. Liu reportedly was a trader for China’s State Reserve Bureau when he borrowed large quantities of copper to sell, with the expectation that prices would fall. Instead, copper prices rose dramatically when China’s central bank began lending increased sums to real estate developers, many of whom needed the metal for wiring. Liu vanished in the wake of the scandal, leaving the Chinese government to replace the borrowed commodity from its own stockpiles.

Though the Chinese government initially denied Liu’s existence, they eventually detained him for questioning. He was reportedly sentenced to seven years in prison.

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