{"page":"\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/resources-572d6a42.css\" /\u003e\n\u003clink rel=\"stylesheet\" href=\"https://lessonplanet.com/assets/packs/css/lp_boclips_stylesheets-f4d0de30.css\" media=\"all\" /\u003e\n\u003cdiv data-title='Arrivals as verdict due in trial of Societe Generale trader' data-url='/boclips/videos/5c54c14cd8eafeecae1511e2' data-video-url='/boclips/videos/5c54c14cd8eafeecae1511e2' id='bo_player_modal'\u003e\n\u003cdiv class='boclips-resource-page modal-dialog panel-container'\u003e\n\u003cdiv class='react-notifications-root'\u003e\u003c/div\u003e\n\u003cdiv class='rp-header'\u003e\n\u003cdiv class='rp-type'\u003e\n\u003ci aria-hidden='true' class='fai fa-regular fa-circle-play'\u003e\u003c/i\u003e\nVideo\n\u003c/div\u003e\n\u003ch1 class='rp-title' id='video-title'\u003e\nArrivals as verdict due in trial of Societe Generale trader\n\u003c/h1\u003e\n\u003cdiv class='rp-actions'\u003e\n\u003cdiv class='mr-1'\u003e\n\u003ca class=\"btn btn-success\" data-posthog-event=\"Signup: LP Signup Activity\" data-posthog-location=\"body_link_boclips\" data-remote=\"true\" href=\"/subscription/new\"\u003e\u003cspan\u003e\u003cspan\u003eGet Free Access\u003c/span\u003e\u003cspan class=\"\"\u003e for 10 Days\u003c/span\u003e\u003cspan\u003e!\u003c/span\u003e\u003c/span\u003e\u003c/a\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-body'\u003e\n\u003cdiv class='rp-info'\u003e\n\u003cdiv aria-label='Hide resource details' class='rp-hide-info' role='button' tabindex='0'\u003e\u0026times;\u003c/div\u003e\n\u003ci aria-label='Expand resource details' class='rp-expand-info fai fa-solid fa-up-right-and-down-left-from-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003ci aria-label='Compress resource details' class='rp-compress-info fai fa-solid fa-down-left-and-up-right-to-center' role='button' tabindex='0'\u003e\u003c/i\u003e\n\u003cdiv class='rp-rating'\u003e\n\u003cspan class='resource-pool'\u003e\n\u003cspan class='pool-label'\u003ePublisher:\u003c/span\u003e\n\u003cspan class='pool-name'\u003e\n\u003cspan class='text'\u003e\u003ca data-publisher-id=\"30356011\" href=\"/search?publisher_ids%5B%5D=30356011\"\u003eCurated Video\u003c/a\u003e\u003c/span\u003e\n\u003c/span\u003e\n\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='rp-description'\u003e\n\u003cspan class='short-description'\u003eA Paris court will hand down a verdict on Tuesday in the case of the former French trader accused of masterminding one of history's biggest trading frauds and costing one of France's largest banks (b) billions in losses.Jerome Kerviel,...\u003c/span\u003e\n\u003cspan class='full-description hide'\u003eA Paris court will hand down a verdict on Tuesday in the case of the former French trader accused of masterminding one of history's biggest trading frauds and costing one of France's largest banks (b) billions in losses.\u003cbr/\u003eJerome Kerviel, the 33-year-old former index futures trader at Societe Generale SA, risks five years in prison and a 375-thousand euros (516-thousand US dollars) fine on charges related to the claim that he covered up bets worth nearly 50 (b) billion euros (69 (b) billion US dollars), or more than the bank was worth, between late 2007 and early 2008.\u003cbr/\u003eThe soft-spoken Kerviel maintained throughout the two-week trial in June that the bank tolerated his massive risk-taking as long as he was making money, a claim the bank denies.\u003cbr/\u003eSociete Generale lost nearly 5 (b) billion euros (6.88 (b) billion US dollars) after it unwound Kerviel's positions in January 2008.\u003cbr/\u003ePresiding judge Dominique Pauthe tried several times during the trial to peel away what the prosecution claims is Kerviel's facade and understand why he gambled sums of money that went way beyond what the bank authorised.\u003cbr/\u003eEmployed by Societe General since 2000, Kerviel worked his way up from a supporting role in an office that monitors trades to a job on the futures desk where he invested the bank's money by hedging on European equity market indices.\u003cbr/\u003eHe was arrested in January 2008 and held for six weeks in Paris' La Sante prison. \u003cbr/\u003eSince being fired from Societe Generale, Kerviel has worked as a computer consultant.\u003cbr/\u003e1. Former index futures trader at Societe Generale SA, Jerome Kerviel (dark hair), followed by his lawyer Olivier Metzner (wearing glasses) entering court\u003cbr/\u003e\u003c/span\u003e\n\u003c/div\u003e\n\u003cdiv class='action-container flex justify-between'\u003e\n\u003cbutton aria-expanded='false' aria-label='Read more description' class='rp-full-description' type='button'\u003e\n\u003ci class='fai fa-solid fa-align-left'\u003e\u003c/i\u003e\n\u003cspan id='read_more'\u003eRead More\u003c/span\u003e\n\u003c/button\u003e\n\u003cdiv class='rp-report'\u003e\n\u003c/div\u003e\n\u003c/div\u003e\n\u003cdiv aria-labelledby='resource-details-heading' class='rp-info-section'\u003e\n\u003ch2 class='title' id='resource-details-heading'\u003eResource Details\u003c/h2\u003e\n\u003cdiv class='rp-resource-details clearfix'\u003e\n\u003cdiv class='detail'\u003e\n\u003cdl\u003e\n\u003cdt\u003eCurator Rating\u003c/dt\u003e\n\u003cdd\u003e\u003cspan class=\"star-rating\" aria-label=\"3.5 out of 5 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