A French appeals court sentenced former Societe Generale trader Jérôme Kerviel to three years in prison on Wednesday for his role in one of the world's biggest-ever trading scandals, upholding a 2010 decision that ordered him to repay his former employer €4.9bn.

The court's ruling on Wednesday was identical to the verdict rendered by a first instance court and showed the defence strategy of Kerviel and his lawyers, aimed at shifting part of the blame to the bank, has failed.

Former SocGen trader sentenced to three years in jail

Court rules against Jérôme Kerviel and upholds order to repay former employer €4.9bn

Dow Jones Newswires

Societe Generale

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