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Lawyer: SocGen 'Condoned' Trader's Deals

Bank couldn't have missed billions in moves: Kerviel's rep

By Jason Farago, Newser Staff

Posted Feb 15, 2008 11:26 AM CST

(Newser) – The French trader who lost Société Générale $7.2 billion acted with the tacit support of the banking giant's management, which "condoned" his trades, Jérôme Kerviel's lawyer says. The assertion contradicts executives' claims that Kerviel acted alone. "Jé... Read full story »

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Lawyer: SocGen 'Condoned' Trader's Deals

Bank couldn't have missed billions in moves: Kerviel's rep

crime • France • bank fraud • Jérôme Kerviel • Société Générale • trader

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SocGen Trader Charged, Faces 7 Years

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