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Russian gas export monopoly Gazprom builds a pipeline outside city of Ukhta. | Photograph: Sergei Karpukhin/Reuters
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The world's biggest frauds

January 5, 2009

Brian Hunter

Brian Hunter was a Canadian natural gas trader for Amaranth Advisors hedge fund, which later closed down.

Amaranth, which had over $9 billion in assets, collapsed in 2006 after Hunter's gamble on natural gas futures market went haywire.

With a master's degree in mathematics from the University of Alberta, Hunter moved to New York to join Deutsche Bank in May 2001. He made $69 million for the bank in his first two years.

By 2003, Hunter was promoted as head of the bank's natural gas desk. He soon left the bank accusing the bank of defaming him.

Hunter has been slapped with a fine of $30 million by the Federal Energy Regulatory Commission for the alleged manipulation of natural gas prices in 2006.

Image: Russian gas export monopoly Gazprom builds a pipeline outside city of Ukhta. | Photograph: Sergei Karpukhin/Reuterse

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