Reuters reports that the former trader was sentenced to jail after being convicted by a Paris court in October 2010 for breach of trust and fraud after making massive losses in unauthorized equity derivative trades in 2008.
The judges ruled Kerviel failed to present new facts to justify a fresh investigation. Societe Generale’s lawyer Jean Veil said left Kerviel was left with no further avenues to appeal his criminal conviction.
“Justice has triumphed,” Veil said.
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