Societe Generale Uncovers Massive Fraud

By Tom | January 24, 2008

Societe Generale,SocGen, one of the top three French banks, revealed Thursday to have lost 7 billion euros, of which nearly 5 billion in losses caused by one of its traders in one of the most colossal fraud in the history of world finance.The rogue trader is Jerome Kerviel, a 31-year-old Frenchman who joined SocGen in 2000. Tags: Societe+Generale

Tags: Jerome+Kerviel, Societe+Generale, Societe+Generale+Uncovers+Massive+Fraud

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April 22, 2008

Men often hate each other because they fear each other; they fear each other because they don’t know each other; they don’t know each other because they can not communicate; they can not communicate because they are separated.Martin Luther King, Jr.