Drunk Broker’s $520M Oil Trades

In 2009, Steven Perkins, an investment broker at London-based PVM Oil Futures, in his drunken stupor, caused oil prices to spike to an eight-month high. Over 30 minutes, he spent $520 million of his employer's money to trade 7 million barrels of oil-only to wake up with no memory of the incident. His firm ultimately suffered $10 million in losses.

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