Société Générale was at the centre of a financial scandal in 2009. The bank denied those accusations. January 2008: Trading loss incident (Kerviel Fraud) On January 24, 2008, the bank announced that a single futures trader at the bank had fraudulently lost the bank €4.9 billion (an equivalent of US$7.2 billion), the largest such loss in history. The company did not name the trader, but other sources identified him as Jérôme Kerviel, a relatively junior futures trader who allegedly orchestrated a series of bogus transactions that spiraled out of control amid turbulent markets in 2007 and early 2008. Partly due to the
Sébastien Rale that was already hostile, anticipating that the Frenchman would do his best to stoke this hostility. Queen Anne's War pitted New France against New England, fighting to control the region. Massachusetts Governor Joseph Dudley arranged a conference with tribal representatives at Casco Bay in 1703 to propose that they remain neutral. However, a party of the Norridgewock tribe joined a larger force of French and Indians commanded by Alexandre Leneuf de Beaubassin to attack Wells, Maine in the Northeast Coast Campaign. The English suspected Father Rale of inciting the tribe against them; French minister Pontchartrain wrote to Rale's Jesuit superior