Getting your player ready...
PARIS — Ex-trader Jerome Kerviel was convicted on all counts
Tuesday in history’s biggest rogue trading scandal, sentenced to
at least three years in prison and ordered to pay his former employer
damages of $6.7 billion, drawing gasps in the courtroom.
The court rejected defense arguments that the 33-year-old
trader was a scapegoat for a financial system gone haywire
with greed. Kerviel, above, maintained that his former employer
Société Générale, France’s second-biggest bank, tolerated
his massive risk-taking as long as it made money — a claim the
bank strongly denied. The Associated Press
