DW – A court in France has upheld the jail term and 4.9 billion euro ($6.4 billion) fine given to Jerome Kerviel for a fraud case that nearly toppled France’s Societe Generale bank in 2008. The Court of Appeals in Paris rejected Kerviel’s appeal on Wednesday, saying the five-year sentence – two of which had been suspended – would stand, and the money Kerviel (pictured above on the left) cost the bank must be repaid. “Jerome Kerviel was the sole creator, inventor and user of a fraudulent system that caused these damages to Societe Generale,” the court’s written ruling said. Read Article
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