French rogue trader ordered to pay back $7 billion

Former Societe Generale trader Kerviel and his lawyer Koubbi arrive at the Paris court for the verdict in his appeal trialThe Paris appeals court has upheld former Societe Generale trader Jerome Kerviel’s conviction for covering up massive losses, sentencing him to three years in prison and ordering him to pay back a staggering €4.9 billion (about $7 billion) in damages.

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