News From Yellow Business Pages » Yahoo! News: World News » French bank accuses trader of hacking (AP)

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Yahoo! News: World News

• 

  French bank accuses trader of hacking (AP)

  Posted: January 27th, 2008, 12:07pm EST

  Tags:    [edit]

  AP - Societe Generale said Sunday that a trader who evaded all its controls to bet $73.5 billion — more than the French bank's market worth — on European markets hacked computers and "combined several fraudulent methods" to cover his tracks, causing billions in losses.

  
  

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