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
Charles Edward, Duke of Saxe-Coburg and Gotha the harshest internment camps. Charles Edward was imprisoned until 1946. He was originally charged with Crimes against humanity and the trial was held. Though he was exonerated of complicity in actual war crimes, he was judged to have been "an important Nazi". Only his failing health saved him from remaining in prison. Another factor for leniency towards him was the fact that in April 1946, his daughter Sybilla had given birth to a son, the future King Carl XVI Gustaf of Sweden, who became, upon birth, third-in-line to the Swedish throne. In January 1947, Sybilla's husband died in a plane