SOCGEN HIT IN REPORT
April 20th, 2008 by 
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February 21, 2008 — PARIS - Investigators of a $7 billion fraud at French bank Soci?t? G?n?rale say that the only trader implicated in the scandal acted alone. They also said they found no evidence that there were any personal monetary gains made through the allegedly unauthorized positions taken by futures trader Jerome Kerviel.
In an interim report, the internal investigators said procedures were followed correctly but they failed to stop Kerviel, 31, who is accused of carrying out trades that forced the bank to mop up almost 5 billion euros ($7.33 billion) in losses.
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