Rogue trader Kerviel told to repay 1m euros

French rogue trader Jerome Kerviel has been ordered to repay €1m to ex-employer Societe Generale.

However, the sum represents a tiny fraction of the €4.9bn (£4.2bn; $5.5bn) he was ordered to pay back in an earlier court ruling.

In 2010 Kerviel was sentenced to three years in prison for fraud, breach of trust and forgery over massive losses resulting from his trades.

However he says that his superiors at the bank knew what he was doing.

Original Article

Rogue trader Kerviel told to repay 1m euros
http://latiendadejm.com/blog/rogue-trader-kerviel-told-to-repay-1m-euros/

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