Toshihide Iguchi
Toshihide Isamu Iguchi (井口俊英) (1951–2019) was an Executive VP and U.S. Government Bond trader at Daiwa Bank's New York Branch, who was responsible for $1.1 billion in unauthorized trading losses accumulated over a period of 12 years beginning in 1983.Immediately after this incident, as a result of whistle-blowing by one of the dealers, the New York Fed sent an examiner to look into Daiwa’s bond trading operation, but found nothing.It was a bold move because the downtown office was approved by New York State Banking Department as a custody operation center only."[4]The Ministry of Finance in Japan dispatched a group of examiners to check the Daiwa New York Branch following this news, but found no irregularities.Despite this incident, both the New York Fed and the Ministry of Finance (MOF), the highest regulatory authorities in the US and Japan, could not detect Iguchi’s more than $1 billion loss.There he wrote another book about George Harp, the only surviving founding-member of the Aryan Brotherhood, titled King of the Prison, which was published in Japan.He worked in the area of foreign language education, developing digital solutions using artificial intelligence for conversation practice.