'Trader justice': Ex-SocGen trader fired for risky bets claims he was made a 'scapegoat'

A former Societe Generale trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat" and failing to take its share of responsibility.

A logo outside a Societe Generale SA office building in central Paris, France, on Monday, Feb. 5, 2024.trader who was fired for unauthorized risky bets has lambasted the French bank for making him a "scapegoat" and failing to take its share of responsibility for missing the trades. "Our strict control framework has allowed us to identify a one-off trading incident in 2023, which didn't generate any impact and led to appropriate mending measures," the statement said.

"It's very easy for other people to say that we were not aware of the trades done by me," he wrote. "This means either you were not doing your job properly or either you were unfit for the same."

Source: Law Daily Report (lawdailyreport.net)

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