Société Générale the trader was involved in an elaborate, yearlong ruse that involved betting billions of dollars of the bank’s money on European stock index futures. Meanwhile, authorities have taken the trader into custody and were suspected to question him in connection with a massive fraud at the bank.
http://www.nytimes.com/2008/01/27/business/worldbusiness/27cnd-bank.html?ex=1359176400&en=1c702cd5a0751054&ei=5124&partner=permalink&exprod=permalink
http://www.nytimes.com/2008/01/27/business/worldbusiness/27trader.html?ex=1359176400&en=7223d2e99adb5e78&ei=5124&partner=permalink&exprod=permalink
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