Toshihide Iguchi

Toshihide Iguchi is a former Japanese banker and trader known for his involvement in a significant financial scandal. He worked at Daiwa Securities, where he secretly hid large losses from trading activities, culminating in a $1.1 billion unauthorized loss in 1995. This misconduct led to his arrest, the bank's collapse, and increased scrutiny of financial oversight in Japan. Iguchi's story highlights the risks of insufficient regulation and risk management in financial institutions, serving as a cautionary tale about the consequences of unethical behavior in the banking industry.