Update On $7 Billion Fraud

There is an update on the story of the rogue trader who cost France's Societe Generale bank more than $7 billion by making bad stock market bets was taken into custody on Saturday for questioning, judicial officials said.


Financial police in Paris were to question Jerome Kerviel as part of a probe into Societe Generale's announcement Thursday that the 31-year-old trader had put tens of billions of dollars at risk in one of history's biggest frauds, judicial officials said. They spoke on condition of anonymity because the investigation is ongoing.

As more information becomes available we will update again. Thanks and have a Great Weekend, as we are expecting highs in the 20's and 30's~~Heat Wave In Iowa, So Please Get Out, Be Patriotic, and Spend Some Money!!

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