Kerviel Apologizes to SocGen Employers at Close of Appeal
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Jerome Kerviel apologized to Societe Generale SA employees and said he “never lied” during the investigation into the bank’s 4.9 billion-euro ($6.1 billion) trading loss, as his lawyers asked a Paris court to clear him of any wrongdoing on the final day of his hearing.
Kerviel, 35, is fighting a 2010 guilty verdict, for which he was sentenced to three years in prison and ordered to repay the bank for its losses. Prosecutors this week asked for the maximum five years, a tougher recommendation than the lower court prosecution requested.