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steve bernstein

My Billion Dollar Education

My Billion Dollar Education

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The true untold story of a rogue trader, whose decision to right a wrong ignited a series of political maneuvering by American and Japanese officials,leading to the expulsion of a major Japanses bank from the U.S. Toshihide Iguchi is formerly 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.

At 18, Toshihide Iguchi came to the U.S. with high hopes. Graduating from college in Missouri, marrying a St. Louis girl, and landing a promising job at Daiwa Bank in New York, he was ready to embark on his American dream. Unbeknownst to him, a storm of unprecedented financial deregulation on both sides of the Pacific was about to rage...

Twelve years later, he found himself in the maximum security ward of a Manhattan jail, surrounded by Arab terrorists and a Mafia boss.

The trader looks back on his psychological struggles and redemption, which gave him valuable insight in helping others to prevent future billion dollar trading losses.
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