VOICED: French rogue trader appeals five-billion-e

VOICED: French rogue trader appeals five-billion-e

Assessment

Interactive Video

Business

10th Grade - University

Hard

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The transcript discusses the appeal of a 2010 conviction related to risky stock market activities that nearly collapsed Societe Generale, a major French bank. The original verdict sentenced the trader to five years in jail and a €4.9 billion repayment. The trader, Kerviel, claims his superiors were aware of his actions, which were common practice, and argues he was made a scapegoat. The trial is set to conclude on June 28.

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2 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What was the outcome of the trial regarding Societe Generale's involvement?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the significance of the term 'scapegoat' in relation to Kerviel's case?

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