SocGen rogue trader Kerviel jailed

Kerviel, who pleaded guilty to the charge of computer abuse, was also found guilty of forgery and a breach of trust by a Paris court. He was sentenced him to five years in prison, two of them suspended. The 2008 rouge trading scandal, in which Kerviel took unauthorised positions worth €50bn, eventually cost the French bank €4.9bn. Kerviel, the 33-year-old who now works for a technology consultancy, does not deny he covered up the risky bets, but says a number of superiors at SocGen knew of his trading activities. However, the judges said Kerviel had not been given even tacit author...