<p><div class="KonaFilter image-container display-table float_right"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/53299ad76bb3f7907ebe296a-661-495/jerome-kerviel.png" border="0" alt="Jerome Kerviel" /><p class="source"><span>Reuters/ Alessandro Bianchi </span></p></div><p></p></div></div>A French court rejected the appeal of ex-SocGen's "rogue trader" Jerome Kerviel, <a href="https://twitter.com/BloombergNews/status/446273519589269505">Bloomberg News reports.</a></p>
<p><span>Kerviel, 37, is currently on a backpacking trek from Rome to Paris. </span></p>
<p>In 2008, it was revealed that Kerviel lost the French bank approximately 4.9 billion euros ($6.9 billion) through arbitrage of equity derivatives. </p>
<p>He was sentenced in October 2010 to <a href="http://www.reuters.com/article/2010/10/05/us-socgen-kerviel-verdict-idUSTRE69414220101005">three years in prison and slapped with a fine of 4.9 billion euros</a>, but had appealed for a new trial. </p>
<p>Today, the appeals court in Paris gave the final verdict. He now faces prison time and a massive fine. </p>
<p><div class="KonaFilter image-container display-table"><div><div class="image"><img src="https://static-ssl.businessinsider.com/image/53299af0ecad041122df3c07-1190-892/kerviel-1.png" border="0" alt="Kerviel" /><p class="source"><span>AP Images</span></p></div><p></p></div></div></p>

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Rogue Trader Jerome Kerviel Loses His Appeal, Faces Prison Time And Huge Fine

Reuters/ Alessandro Bianchi A French court rejected the appeal of ex-SocGen's "rogue trader" Jerome Kerviel, Bloomberg News reports. Kerviel, 37, is currently on a backpacking trek from Rome to Paris. In 2008, it was revealed that Kerviel lost the French bank approximately 4.9 billion euros ($6.9 billion) through arbitrage of equity derivatives. He was sentenced in October 2010 to three years in prison and slapped with a fine of 4.9 billion euros, but had appealed for a new trial. Today, the appeals court in Paris gave the final verdict. He now faces prison time and a massive fine. AP Images

Reuters/ Alessandro Bianchi A French court rejected the appeal of ex-SocGen's "rogue trader" Jerome Kerviel, Bloomberg News reports. Kerviel, 37, is currently on a backpacking trek from Rome to Paris.

Rogue Trader Jerome Kerviel Loses His Appeal, Faces Prison Time And Huge Fine

Julia La Roche

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