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Societe Generale trader Kerviel guilty over scandal


Sync

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Aug 27, 2009
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Former Societe Generale trader Jerome Kerviel has been convicted for his role in a scandal that cost the bank almost 5bn euros ($7bn; £4bn).

He must serve three years in jail with a further two years suspended sentence.

Kerviel was found guilty of forgery, unauthorised computer use and breach of trust
Lucky boy. I guess the fact that he didn't directly benefit from the scam helped him, but the mass of evidence as to his repeated efforts to mislead his managers really was overwhelming.

BBC News - Societe Generale trader Kerviel guilty over scandal
 
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