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
Galactic Trader Galactic Trader Galactic Trader is a multiplayer, text-based, space trading video game for the OpenVMS platform. "Galactic Trader" was created in the early 1980s by Stephan Meier. Meier released five major versions, with the final release being 5.33 on February 6, 1992. "Galactic Trader" is a space-based commodities trading game which shares many ideas with the personal computer game "Elite", such as the hostile Thargoid race, player ranks, and the names and descriptions of some ships and equipment. In the most commonly encountered version, 4.55, the player begins as a trader with 200,150 credits, enough to buy a basic trading