Reply #12: This is probably the reason charges were dropped [View All]

[Venus Dog]

Kerviel has named names of co-conspirators --- which means he was not the "lone nut trader" the bank and French gov't were leading the public to believe.

<i>At the weekend the bank was forced to concede Kerviel may not have been acting alone and investigators are hunting co-conspirators after he allegedly named names.</i>

http://www.thisislondon.co.uk/news/article-23434297-details/I'll+name+names+says+rogue+trader+as+bank+warns:+He+had+a+gang/article.do

And also his lawyers accused the bank of using him as a patsy to cover up subprime losses.

There is interesting info on SocGen in Wikipedia including it's cozy relationship with Cedel (aka Clearstream), a world-wide clearing house for banks. Clearstream has been accused of money laundering and tax evasion by using unpublished accounts. Among those having had and/or have unpublished accounts at Cedel are SocGen, BCCI, Carlyle Group, Banco Ambrosiano, Credit Lyonnaise and Bahrain International Bank (possibly connected to bin Laden), as well as others, including the October Surprise transfer of money for Iranian hostages, Columbian drug lords, a Russian oligarch, etc.

This whole thing smells of BCCI - it never stopped -- and all the usual suspects still present.

Here's the link to Society Generale
http://en.wikipedia.org/wiki/Soci%C3%A9t%C3%A9_G%C3%A9n%C3%A9rale

and

Clearstream
http://en.wikipedia.org/wiki/Clearstream