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Resource ID: #9586
Subject: Fraud
Source: Worth Magazine
Affiliation: 
Date: 

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Description

Worth profiles Darrell Zimmerman, a charismatic former trader at the Chicago Board of Trade and con man who hatched a scheme to get rich by manipulating the market. With a bad check for $50,000, Zimmerman in 15 minutes of trading had controlled enough contracts to leverage $3.6 billion in bonds and raise $5 million in profit for himself; in the next ten he lost it all and a lot more. Now he is fighting extradiction from Canada and the trade board has new laws named after him. # FISHMAN

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