Sumitomo's Descent Into The Abyss

How the copper-trading affair engulfed Sumitomo

The world has witnessed numerous spectacular financial scandals, from the Ponzi schemes of the 1920s to the rogue futusres trades that capsized Barings PLC. But the Sumitomo Corp. copper-trading scandal is likely to go down in the history books as perhaps the most audacious yet.

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