Tuesday, October 5, 2010

French Rogue Trader gets 5 years

French court sentences Kerviel to 5 years in prison

Former SocGen "rogue" trader Jerome Kerviel has been given a 5 year sentence and ordered to reimburse the French bank 4.9 billion euros for "unauthorised" trades which brought Socgen to the brink of collapse in 2008. Would that be cash or would a cheque do?

Posted by davidg @ 10:40 AM (640 views)
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