Ex-SocGen trader Kerviel given three years in jail

Reuters

Former Societe Generale trader Jerome Kerviel was sentenced to three years in prison at a Paris court on Wednesday and ordered to repay his former employer 4.9 billion euros ($6.35 billion).

"The appeals court...upholds the ruling," the judge told a standing Kerviel, adding that he would not go to jail immediately.

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Kerviel's lawyer said he was considering a further appeal against the sentence.

(Reporting by Lionel Laurent; Editing by Christian Plumb)