Court frees trader accused of Societe Generale fraud

Kerviel managed to lose over $7 Billion bucks for the French bank — and this article says he did not personally benefit. So, was he just really bad at trading, or could he be a ‘fall guy’ for something far more sinister? Kerviel might need to watch his back now that he’s ‘free’. — PID

Mar 18, 2008 PARIS (AP) — A French court today ordered the release of a Societe Generale trader accused of causing billions in losses through rogue trades. Jerome Kerviel was expected to leave Paris’ La Sante prison later in the day. He has been held there since Feb. 8 pending an investigation into massive and allegedly unauthorized trades. Full Report