7. Liu Qibing: Unconfirmed Losses up to $1 Billion

Liu Qibing is another person associated with copper tradings. He was an alleged senior metals trader for the government of Chinese. Qibing took an uncalculated risk thinking that the prices of copper will fall. On the contrary, the prices of copper rose sharply and declared huge losses for Qibing. As most of this pertains to the Chinese government, most of the information is under the wraps. As the losses trailed back to the State Reserve Bureau of China, not much is heard about Qibing. Moreover, the amount of loss faced by it is also not disclosed.