Allfirst trader earned up to $1m over period of suspected fraud

AIB downsizes Allfirst losses by $60m

John Rusnak, the currency trader suspected of defrauding AIB subsidiary Allfirst Financial, earned up to $1m (€1.1m) in the five-year period during which the losses were incurred.

Gary Kennedy, financial director of AIB Group, said on a conference call on Wednesday that Rusnak's suspected actions, which included hiding losses, enabled him to protect his salary and bonuses. &quotHe earned between $800,000 and $1m in total over the five-year period from 1997 to 2002,&quot Kennedy said.

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