Investigators at Societe Generale SA say they suspect former futures trader Jerome Kerviel had help in covering up massive trading positions that led to a massive $7 billion loss.
futures traderFrench Bank Trader Is Taken Into CustodyTopix - Business News Sat, 01/26/2008 - 12:56
A trader blamed by the French bank Societe General for a massive fraud was taken into custody on Saturday, judicial officials said. Financial police in Paris were to question Jerome Kerviel as part of a probe into Societe Generale's announcement Thursday that the 31-year-old trader was behind a fraud costing the bank $7.14 billion, judicial officials said. |
