Cybersecurity
Kerviel’s Refusal to Be Scapegoat Seen Harming Appeal Bid
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Jerome Kerviel began his fight today against a 2010 conviction for Societe Generale SA’s 4.9 billion-euro ($6.2 billion) trading loss, telling a Paris appeals court that the bank knew about his actions.
His defense is based on proving during the four-week appeal that the bank knew before the 2008 trading loss that he was exceeding his mandate with risky bets and can’t claim to be an innocent victim.