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SocGen rogue trader loses jail appeal

Wednesday, October 24, 2012 - 01:35

Oct. 24 - French appeal judges uphold a three-year prison sentence handed down to former Societe Generale trader Jerome Kerviel, for his role in taking huge, risky bets that cost the bank 4.9 billion euros.

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-- -- the current trade -- cost -- its second biggest banks Societe Generale nearly five billion year race. Now we should run caddie out did -- if it's kind of prison sentence has been rejected. He's facing three kids behind bonds and his -- pointed to repay the billions he lost the bank. Can't out lawyer says the prospect of doing that amounts to what he called a life sentence and take its clients may appeal to France's highest court. Residuals to fit what -- we -- to defend mr. caballero against an absolutely lament to Berlin justice. I notable that we have failed we will continue to support was to carry the -- in -- fight and we will continue to work with him on a possible appeal don't recommend -- He quit his role in the scandal donkeys that Societe Generale cost is kind of blind eye to his trades when they made money. Is represented in the bank was satisfied that the outcome. -- begin -- -- -- -- sort of -- will mr. Kerviel be forgotten internally almost certainly -- to forget what mr. Kerviel has put shareholders and employees and the whole profession through. I think people won't remember that for a long time. The court described the 35 year old as the sole architect of the system which led to the billions of dollars of lost days. Can't yelled -- state prison immediately as another judge will decide the precise times of his sentence.

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SocGen rogue trader loses jail appeal

Wednesday, October 24, 2012 - 01:35