Rogue trader Jerome Kerviel to spend three years in jail and pay back $6.5 BILLION after losing appeal

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Former Societe Generale trader Jerome Kerviel has lost his appeal in Paris against a three-year prison sentence, with an additional two years suspended, for forgery and breach of trust.

The ex-trader lost the bank almost 5bn euros ($6.5bn; £4bn) in 2008, and was convicted in 2010.

Kerviel, who was also convicted of unauthorised computer use, has always said his bosses knew what he was doing.

He will also have to pay back the losses incurred by the bank.

However, Societe Generale has said it will not demand full repayment. Click below for full story - 

 IMAGE: EuroNews