French rogue trader sentenced – answers
true/false
- The loss to the bank of this scandal was exactly $7b US. F: less than this figure ‘close to’
- He will go to prison for 2 years. F: he will go for 3 years, 2 years are suspended i.e. he does not need to be in prison for these
- The trader was arrested 4 months ago. F: he was found guilty at a trial 4 months ago
- The man is in his 30s. T: he is 33
- Jerome didn’t seem to want to make any profit from his actions. T: there is no ‘discernible motive for profit’
- He has been called a ‘devil genius’. F: an ‘evil genius’
- It was the culture of the bank that drove him to do what he did. T: according to his defence lawyers
- He has pleaded ‘not guilty’ to the charges. F: he has pleaded guilty to his actions but blames the bank and his boss for encouraging what he did
- He has to pay back just under 6.5b US F: more than this, ‘by more than’
- He is now in prison. F: he is free awaiting an appeal