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Trading in shares has been suspended for the French bank Societe Generale following reports that a rogue trader stole a massive £3.6bn. Reports say that the management found that an internal fraud was discovered for a huge amount, the fraud was carried out by someone in the financing and investment division.

According to Sky News the rogue trader has not been named, however the person has since been suspended and legal action is to be taken against him. French Bank Societe Generale has also fired a number of executives who are responsible for the actions of people in their department.

This is a theft on a huge scale and dwarfs the one where Brit Nick Leeson lost Barings bank £750m.


http://www.reuters.com/article/blog...WLt&bbParentWidgetId=B7gSUbux1hpbz8uOa7TWsLnV

Does anyone besides me has an account there :p?
 

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This guy is a genius woooow!!!!he is from my city!!! :lol: He may have been manipulated though because when you're a young trader you can't manipulate huge amount of money, as the investigation goes on they still haven't found where the money is ...it's crazy,everyone's talking about it in here!
 
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