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Article: Societe Generale trader set to appear before judge
- Article from:
- AP Worldstream
- Article date:
- January 28, 2008
- Author:
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The French trader accused by the Societe Generale bank of the biggest trading fraud by a single person was expected to appear Monday before a judge who will weigh whether to press preliminary charges.
Defense lawyer Christian Charriere-Bournazel said preliminary charges against Jerome Kerviel were likely. He also said he was "convinced" that the 31-year-old trader, who was still in police custody Monday morning, would be released while the judicial probe continues into Societe Generale's stunning losses.
Under French law, preliminary charges mean the judge has determined there is strong evidence to suggest involvement in a crime. It gives the investigator time to ...