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post #1 of 4 (permalink) Old 01-26-2008, 02:40 AM Thread Starter
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Rogue Trader Scandal

Did any of guys hear about this?

And he's on the run, well no shit
Police raid HQ of bank in French rogue trader scandal

PARIS (AFP) - Police raided Friday the Paris headquarters of Societe Generale, which is accusing a rogue trader of losing more than 7.0 billion dollars (4.9 billion euros), the French banking giant said.
"Raids took place yesterday evening," a bank spokesman told AFP without giving details.
The chief objective of the raids was to seize the computer files of the rogue trader Jerome Kerviel who the bank has accused of fraud, a source close to the investigation said.
On Friday afternoon police also raided an apartment where Kerviel lived in a building in the western suburb of Neuilly, witnesses told AFP.


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post #2 of 4 (permalink) Old 01-26-2008, 07:23 AM
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Yeah. The thing that kept coming up in the reports that I heard was that he apparently was only in it to drain the bank -- he didn't actually benefit from it himself.
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post #3 of 4 (permalink) Old 01-26-2008, 01:45 PM
 
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It's called KARMA, bitch!

Thank you for your fucked up stupid piece of shit ATM on Īsle Saint-Louis in Paris that ate my VISA on Friday July 27, 2001 only minutes after closing time, for your employees that were on the inside that could offer no word of consolidation other than "we're closed", you could have said "your card is safe in a box, you can retrieve it on monday", and being the only shitty attitude Parisians (except for that crazy "artist" in Montmartre) that I have ever met.

It's called KARMA, bitch! Now suck it up. I told you shit would rain down on you.


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post #4 of 4 (permalink) Old 01-26-2008, 01:52 PM
 
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Yeah it's all over the news here in HK since HK's stock market is like the second biggest in Asia...
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