VOICED: French rogue trader appeals five-billion-e

VOICED: French rogue trader appeals five-billion-e

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses the appeal of a 2010 conviction related to risky stock market activities that nearly collapsed Societe Generale, a major French bank. The original verdict sentenced the trader to five years in jail and a €4.9 billion repayment. The trader, Kerviel, claims his superiors were aware of his actions, which were common practice, and argues he was made a scapegoat. The trial is set to conclude on June 28.

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5 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the original sentence given to the trader in the 2010 conviction?

Three years in jail with no suspension

Five years in jail with two years suspended

Ten years in jail with five years suspended

Two years in jail with no suspension

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the trader claim about his superiors' knowledge of his actions?

They actively participated

They were informed and ignored it

They reported him to authorities

They were completely unaware

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why does the trader question the naming of the case?

He believes it should be named after the bank

He thinks it should be named after the stock market

He wants it named after his lawyer

He prefers it to be unnamed

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What did the trader admit to doing regularly?

Avoiding any risky trades

Reporting all transactions accurately

Following all trading regulations

Exceeding trading limits and falsifying transactions

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What is the perception of the trader's role in the banking scandal?

He was a hero for exposing corruption

He was a scapegoat for corrupt practices

He was an innocent bystander

He was the mastermind behind the scandal