June 8th, 2010
06:05 AM ET

World update: Trader on trial over alleged $6B fraud


Jerome Kerviel

An update from London on some of the international stories we expect to develop on Tuesday:

Trader on trial - The French trader accused of a multi-billion-dollar fraud at banking giant Societe Generale goes on trial on Tuesday. Jerome Kerviel faces charges including forgery, breach of trust, and  unauthorized computer use. He faces up to five years in prison and a fine of up to 375,000 euros ($447,500). The bank also will ask that Kerviel reimburse it for its loss. Read the full story

Murder confession - A 22-year-old Dutchman - Joran van der Sloot - has confessed to the murder of Peruvian woman Stephany Flores Ramirez and could be formally charged on Tuesday, according to the Peruvian authorities.  Van der Sloot was also arrested twice in connection with the disappearance of American teenager Natalee Holloway in Aruba in 2005. Read the full story

Oil spill vigils - On the 50th day since the beginning of the oil disaster in the Gulf of Mexico, advocacy group MoveOn says it will hold vigils across the United States on Tuesday night to call for greater efforts to stop the spill. Read the full story

Spain strike - Spain's civil servants are on strike to protest against the government's decision to cut their pay 5 percent this year and freeze it next year as part of an austerity plan to reduce the country's deficit. Read the full story

Istanbul blast - A remotely-detonated bomb went off in Istanbul's suburb of Kucukcekmece town on Tuesday, wounding 15 people, Anatolia news agency says.  The explosion took place as a police bus was passing by.

soundoff (2 Responses)
  1. ;D

    >multi-billion-dollar fraud for a typical rich white guy
    >5 years in prison

    >$100 theft, was returned later due to guilty concious by a generally poor black guy
    >15 years in prison

    seems legit, bro

    June 8, 2010 at 9:12 am | Report abuse |
    • m

      Can you cite the source for the $100 theft and 15 years in prison?

      June 8, 2010 at 12:45 pm | Report abuse |