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French Trader Will Find Out Soon If He Owes $5.5 Billion
Friday, September 23, 2016 - 9:13am | 370Read More...Jérôme Kerviel, a former trader for the Paris-based bank Société Générale, made headlines in 2008 when he piled up billions of dollars of losses. Kerviel has already been found guilty of forgery, breach of trust and fraudulent computer use when he attempted to hide risky and dubious investments...
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'Rogue Trader' Jerome Kerviel To Be Awarded €450,000 From Societe Generale's Unfair Dismissal Case
Wednesday, June 8, 2016 - 12:16pm | 243Read More...A labour court has ordered Societe Generale SA (ADR) (OTC: SCGLY) to pay rogue trader Jerome Kerviel €450,000 in damages for his unfair dismissal, according to a BBC report. The report said the French ex-trader's unauthorized transactions lost his bank €4.9 billion, but the court ruled the bank...
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Top Five Rogue Traders of All Time
Tuesday, November 1, 2011 - 12:13pm | 1623Read More...There have been many egregious acts that have taken place throughout the history of the stock market – price manipulation, insider trading, ponzi schemes, securities fraud, etc., etc. It is hard to believe that in an industry with so much regulation and oversight such devious acts can occur....
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Kerviel To Face Trial In Paris
Monday, June 7, 2010 - 11:47am | 133Read More...Jerome Kerviel, a former Societe Generale trader, is to face trial for gambling away billions of euros in concealed trades, which led to a loss of 5 billion euros for his bank in January 2008. Perhaps the biggest trading fraud of all times, the whole incident was overshadowed with the onset of the...
