Jerome Kerviel, the former rogue trader for French bank Société Générale has lost his appeal against a three-year jail sentence.<br /><br />But a civil ruling ordering him to pay a 4.9 billion-euro fine has been overturned.<br /><br />Journalists asked him for his reaction to the news of the fine:<br />“It’s really good news, but I’ll continue to walk,” he said. “That’s all I have to say.” <br /><br />Kerviel is currently walking from Rome to Paris – a decision he took following a meeting with the pope in February.<br /><br />When told about the prison term he said: “The fight goes on.”<br /><br />He became famous in 2008 when Société Générale revealed he had run up 38 billion euros of unauthorised trades. His actions cost his former employer 4.9 billion euros – the biggest loss of its kind in history. Kerviel was originally ordered to reimburse this amount in full.<br /><br />In 2010 Kerviel was sentenced to five years in prison with two years suspended after being found guilty of unauthorised computer use, forgery and breach of trust.<br /><br />He maintained that Société Générale turned a blind eye to what he was doing.
