One famous rogue trader is Nick Leeson , whose losses on unauthorized investments in index futures contracts were sufficient to bankrupt his employer Barings Bank in 1995 . Through a combination of poor judgement on his part , increasingly large initial profits , lack of oversight by management , a naïve regulatory environment , and an unforeseen outside event , the Kobe earthquake , Leeson incurred a US$ 1.3 billion loss that bankrupted the centuries-old financial institution
Kobe earthquake
Great Hanshin earthquake
Rogue trader