Small Mistakes That Cost Millions To Fix

Published on October 2, 2019 By Chloe Draws

A Bank Executive Caught In The Act – $2.8 billion

In 1983, Toshihide Iguchi was enjoying life as a bond trader at Daiwa Bank’s New York branch. While working as its Executive VP, Iguchi accidentally lost $70,000 one day. Not too bad, right? Well, it was about to get worse.

mistakes — TK Kurikawa / Shutterstock.com

While trying to conceal his mistake, Iguchi conducted many more illegal actions that would eventually snowball and result in a $2.8 billion for the security company. Today, Iguchi is serving time in jail for fraud.