The Fed and the "clave": WHO IN THE WORLD FINANCIAL INFLUENTIAL?

 With branches "Bernanke in Berlin's forum" Derbent Wall Part 23 Molchanov VA Registered: 13.04.2007 Posts: 145
SoobschenieDobavleno: Tue January 29, 2008 6:01 am Post subject: Federal Reserve and "Dial": WHO IN THE WORLD FINANCIAL INFLUENTIAL? Reply with quote The Fed and the "clave": WHO IN THE WORLD FINANCIAL INFLUENTIAL? Convicted in record fraud Societe Generale trader released on bail Subjects Billionth of a scam trader Societe Generale 28.01.2008 Member of the Supervisory Board was accused of insider trading Comments All because of trader 24.01.2008 French bank Societe Generale was on the verge of bankruptcy A French court on the night of January 29, decided to release from custody of the former bank Societe Generale trader Jerome Kerviel (Jerome Kerviel). As reported by AFP, with him from the accusation of fraud but the investigation of its clandestine activities in the bank will continue. Trader was released on bail, he is a suspect is formally under the headings of breach of trust, "" the forgery and use of false documents "and" the illegal intrusion into computer networks. " Charges for more serious articles "on fraudulent breach of trust" and "of the attempted fraud" with Kerviel filmed (at least temporarily).
Under the terms of bail trader banned from contacting his former colleagues at the bank, as well as engage in financial transactions.
Corollary, which believes that Kerviel could flee, has announced its intention to appeal the decision to release the suspect.
In that case, if a trader is found guilty of breach of trust, he could face up to three years imprisonment and a fine of 370,000 euros.
He himself, we recall, has admitted that behind the authorities carried out multi-billion dollar transactions using the bank's assets, but said he did not do it for personal gain, but to improve the performance Societe Generale.
Management of the bank blames former subordinate in the fact that these operations he had brought a loss of 4.9 billion euros, but Kerviel's lawyers argue that their client had nothing to do with, and guide Societe Generale wants to blame the consequences of his own incompetence.
C opinions protection Kerviel partly agree and shareholders Societe Generale. About 100 security holders of the bank made a joint claim in which the bank is accused of manipulating the price of the shares and insider trading.
Shares of Societe Generale in the stock market falling almost continuously since that time, as it became aware of the illegal actions of the trader. According to media reports, all illegally Kerviel managed assets totaling 50 billion euros invested in futures on European stock indexes - 30 billion in contracts related to the index Eurostoxx, 18 billion - for contracts with the German Dax and two billion - with British FTSE.
Lenta.ru January 29, 2008
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