VOICED: French rogue trader appeals five-billion-e

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.

What new insight or understanding did you gain from this video?

Evaluate responses using AI:

OFF