The Story of The Breaker Bank

Jerome Kerviel still remember the action that 'break' the bank Societe Generale to $ 4.9 billion in 2008 ago? Handsome man now has to get the reward.
Wearing a dapper black suit with his hands cuffed, Kerviel, 33 years old was found guilty of breach of trust, computer abuse and falsification by a prison sentence of 5 years.
A court in Paris also ordered Kerviel to restore the stolen funds amounted to 4.9 billion euros or about U.S. $ 6.8 billion that French bank.
Judges assess Kerviel did not receive authorization even secretly from his superiors to perform excessive speculation.
The judge also assessed Kerviel exactly know what it exceeded his permission as a broker and try to hide his trading positions.
"Kerviel deliberately exceeded his permission as a broker," said the presiding judge, Dominique Pauthe as quoted by Reuters on Tuesday (05/10/2010).
The judge ordered Kerviel in jail for 3 years and 2 years remaining disuspen. Previous prosecutor demanded Kerviel in jail for 4 years and 5 years disuspen.
Kerviel's lawyer, Olivier Metzner said it would appeal the verdict. He also assesses the decision was 'callous' and a prison sentence 'excessive'.
Jerome Kerviel stir the world with the actions of 4.9 billion euros worth of break-ins, or about Rp 67 trillion.
Kerviel joined Societe Generale since 2000 and are in the trade since 2005. Kerviel was just an ordinary worker, until finally the biggest banks in France had found an alarming burglary nan world. Photo Kerviel also adorn almost all media in the world because the action was.
Kerviel SocGen known to use the funds to transact in the futures market. He managed to hide losses from transactions done. This action became known only when there is turmoil in the stock market. SocGen even have to sell the contracts made by Kerviel while stock prices fell.
Reportedly, Kerviel SocGen had time to speculate with money until more than 50 billion euros. However, after the sell back all stock transaction had been known to SocGen losses to approximately 4.9 billion euros.
As a result of Kerviel's actions plus the impact of the subprime crisis, SocGen only able to record a profit of 600-800 million euros, in stark contrast compared to net income in 2006 amounted to 5.2 billion euros