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The Business Insider (Free subscription) | 09/17/2009
Jerome Kerviel, the Societe Generale trader allegedly causing $7.2 billion in losses to the French bank back in January, thinks that being a trader is just like being a junkie. Speaking yesterday on French TV, Kerviel said “It’s a job that makes you a bit crazy, an addict,” Kerviel said. “They push you to take risks,” according to Bloomberg . Kerviel, who has been freed...
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BloggingStocks (Free subscription) | 09/04/2009
Filed under: Law , Scandals The world's most famous rogue trader is about to have his encounter with the criminal justice system . Jerome Kerviel , made famous by transactions he made while a trader at Societe Generale, will go to trial. He's been charged with forgery, breach of trust and unauthorized computer use. If the French legal system finds him guilty, he could spend up to five years in prison...
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Forbes (Free subscription) | 09/02/2009
He appeals trial for committing the largest-ever trading fraud by a single person.
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France24 (Free subscription) | 09/02/2009
The trial of Jerome Kerviel, the former trader accused of having lost French bank Societe Generale 4.9 billion euros, has been delayed pending the examination of a procedural appeal lodged by his lawyer.
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DealBreaker (Free subscription) | 09/01/2009
BofA Seeks To Repay A Portion Of Bailout (WSJ) Not all of it, of course, but if they start with $20 billion, it would mean the bank "would no longer be considered an 'exceptional[ly retarded]' aid recipient -- a designation that has put it under a microscope by Congress and regulators, with its pay packages subject to review by the federal "pay czar." You Can't Keep A Bad Man Down (NYP)...
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L. A. Times Dodgers Blog (Free subscription) | 09/01/2009
Jerome Kerviel is accused of making unauthorized transactions that caused the bank to lose $7 billion. The scandal broke in January 2008. French judges have ordered ex-Societe Generale trader Jerome Kerviel to stand trial over transactions that cost the bank billions of dollars, a judicial official said.
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The Business Insider (Free subscription) | 08/31/2009
Remember Jerome Kerviel? Poor guy got a bit overshadowed by fellow fraudsters Bernie, Stanford & Co., but he resurfaced today, as reports note that he will stand trial in Paris. The Societe Generale trader allegedly caused $7.2 billion in losses to the French bank back in January after all. Kerviel, who has been freed from jail since March, has been charged with fraud and breach of trust. He faces...
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France24 (Free subscription) | 08/31/2009
Jerome Kerviel, the rogue trader suspected of having lost the Societe Generale 4.9 billion euros in a huge fraud scandal in 2008, will be facing trial on charges of breach of trust, among others. He faces up to five years in prison if convicted.
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ArtsJournal (Free subscription) | 08/28/2009
"Le Roman d'un trader (Story of a Trader), a comedy loosely based on the multi-billion euro losses blamed on SocGen trader Jerome Kerviel in 2008, will run at the Nice theatre for three weeks from September 23."...
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France24 (Free subscription) | 08/27/2009
"Le Roman d'un trader" (Story of a Trader), a comedy loosely based on the multi-billion euro losses blamed on Société Générale trader Jerome Kerviel (pictured) in 2008, will run for three weeks at a Nice theatre from September 23.
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France24 (Free subscription) | 08/07/2009
Jean-Pierre Mustier, the former head of the Société Générale division where alleged rogue trader Jerôme Kerviel worked, said he will leave the bank after French financial regulators announced they were investigating him for insider trading.
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France24 (Free subscription) | 08/06/2009
Jean-Pierre Mustier, the former head of the Société Générale division where alleged rogue trader Jerôme Kerviel worked, will be leaving the French bank after financial regulators identified him as a supect in investigations for fraud.