A French judge sentenced former trader Jerome Kerviel to three years in prison and ordered him to repay a 4.9 billion euro ($6.8 billion) in damages to Societe Generale SA (SCGLY) for his role in one of the largest trading scandal’s in history.
Judge Dominique Pauthe found Kerviel, 33, guilty of computer hacking and breach of trust and said that his actions threatened the bank’s existence,…
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Ex-Societe Generale Exec Kerviel Sentenced in Trading Scandal originally appeared on DailyFinance on Tue, 05 Oct 2010 06:28:00.
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