SocGen's Rogue Trader Gets 3 Years In Jail

Law360, New York (October 5, 2010, 7:22 PM EDT) -- Jerome Kerviel, the former Societe Generale trader blamed for huge losses at the bank in 2008, was sentenced Tuesday by a French judge to serve at least three years in prison and to pay back the entire €4.9 billion ($6.7 billion) that his rogue dealings allegedly cost SocGen.

The sentencing judge, who said Kerviel's acts had "damaged the world economic order," found the trader guilty of breach of trust, forgery and entering false data into computers, according to Agence France Presse.

In the wake of scandalous...
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