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Jerome Kerviel appeals €4.9bn SocGen rogue trading scandal
Jerome Kerviel, the Societe Generale rogue trader who lost the bank €4.9bn (£4bn) in 2008, will begin his appeal against conviction on Monday. In 2010 he was ordered to repay the full sum and sentenced to three years in jail for a breach of trust, forgery and entering false data. Kerviel has always argued that his superiors were aware of what he was doing but were happy to turn a blind eye as long as he was making the bank money, something which its management deny. The 35 year-old admitted regularly exceeding trading limits and entering false information into the system to cover his tracks, but said this was ... (full story)