2008 Société Générale trading loss 2008 Société Générale trading loss In January 2008, the bank Société Générale lost approximately €4.9 billion closing out positions over three days of trading beginning January 21, 2008, a period in which the market was experiencing a large drop in equity indices. The bank states these positions were fraudulent transactions created by Jérôme Kerviel, a trader with the company. The police stated they lacked evidence to charge him with fraud and charged him with breach of trust and illegally accessing computers. Kerviel states his actions were known to his superiors and that the losses were caused by panic selling by
In the Name of the Law (1922 film) the entire bank and then walks around to the back of the bank. In the heat of the moment. he believes he finds another one of the robbers and a shot is fired. Then to his absolute horror, he realizes he has just wounded his son Johnnie. The story switches to the trial of Johnnie O'Hara for robbery and murder. Even though the case is based on circumstantial evidence, Johnnie is still on the verge of being convicted on all counts. All of the sudden a new lawyer for the defense appears - none other than Johnnie's brother Harry who