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Global

French court sentences Kerviel to 5 years in prison


    PARIS (Reuters) - Former Societe Generale trader Jerome Kerviel was sentenced on Tuesday to 5 years in prison, including two years suspended, for his role in a trading scandal that cost the bank close to 5 billion euros ($7 billion).

    A Paris court also ordered 33-year-old Kerviel to reimburse the French bank 4.9 billion euros lost in unauthorized trades which brought SocGen to the brink of collapse in 2008.

    ($1=.7296 Euro)

    (Reporting by Lionel Laurent; Editing by James Regan)