French court upholds rogue trader Jerome Kerviel jail sentence

March 19, 2014 2:11 PM

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Paris — A top French appeals court on Wednesday upheld rogue trader Jerome Kerviel's three-year jail sentence over high-risk trading that cost the Societe Generale bank nearly five billion euros ($7 billion).

But the court cancelled the 4.9 billion euros in damages that Kerviel was ordered to pay, and referred this part of the ex-trader's sentence to another court near Paris for review.

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