Thursday, June 28, 2012

Wild and Crazy Trader faces five-year sentence





Former Societe Generale trader Jerome Kerviel should serve five years in prison for his role in France's biggest-ever rogue trading scandal, a state prosecutor told a Paris court yesterday. Kerviel is appealing a three-year jail sentence handed down in 2010, as well as an order to repay SocGen €4.9bn (£3.9bn) lost by the French bank when it closed the trader's massive risky bets in 2008….

Find out more.  Check out http://www.cityam.com/latest-news/kerviel-faces-five-year-sentence

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