French rogue trader Kerviel faces verdict

PARIS (Reuters) - Jerome Kerviel, the man behind France's biggest rogue-trading scandal, finds out this week whether he is heading to prison or walking free after his last court appeal in a four-year battle against former employer Societe Generale. Former trader Kerviel submitted a final attempt in June to be acquitted and avoid a three-year jail sentence handed down in 2010 for his role in taking huge, risky bets that cost SocGen 4.9 billion euros ($6.4 billion) to unwind and slammed the French bank's reputation. ...

French prosecutors Wednesday called for rogue trader Jerome Kerviel to be jailed for five years as his appeal of a 2010 conviction for costing bank Societe Generale billions of euros neared its end.The defence will make closing arguments Thursday in the appeal, launched by Kerviel after he was sentenced to a three-year jail term and ordered to pay back the 4.9 billion euros ($6.1 billion) his gambles cost his former employer.Prosecutor Dominique Gaillardot urged the court to make an example of Kerviel, whom he described as "perverse and manipulative".

Rogue trader Jerome Kerviel begins his appeal Monday against a 2010 conviction for fraud after his wild gambles lost one of France's biggest banks five billion euros, almost destroying it in the process.The 35-year-old from a small town in Brittany was sentenced to five years in jail with two years suspended for breach of trust, forgery and entering false data into computers during the 2008 covert stock market deals.The original verdict also required him to pay back the staggering 4.9 billion euros ($6.0 billion) his market gambles cost Societe Generale.

PARIS (Reuters) - Ex-trader Jerome Kerviel arrived in court on Monday to appeal against a three-year prison sentence for his role in France's biggest-ever rogue trading scandal, which cost French bank Societe Generale 4.9 billion euros ($6.1 billion).

A Paris court on Tuesday sentenced rogue trader Jerome Kerviel to three years in jail and ordered the 33-year-old to pay back the five billion euros that his market gambles cost Societe Generale bank.The judge said the trader's acts had "damaged the world economic order" and found him guilty of breach of trust, forgery and entering false data into computers at Societe Generale, of one of Europe's biggest banks.

Former trader Jerome Kerviel goes on trial Tuesday accused of fraud that cost French bank Societe Generale five billion euros -- but insists that his bosses knew what he was up to.The 33-year-old is accused of gambling away 4.9 billion euros (six billion dollars) in risky deals at Societe Generale, one of France's three largest banks, in what was then considered the biggest trading scandal in history.