The Societe Generale Employee Alleged to Have Committed Fraud Against

question 20

Multiple Choice

The Societe Generale employee alleged to have committed fraud against the firm that resulted in a loss to the bank of some €4.9 billion was ____.

• A) Robert Richardson
• B) Jerome Kerviel
• C) Daniel Boulton
• D) Nicholas Sarkozy

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Definitions:

Mortgage

A loan specifically used to purchase real estate, where the property itself serves as collateral until the debt is fully repaid.

Upgrade Cost

The expense associated with making improvements or enhancements to assets, such as equipment or software, to increase their value or efficiency.

Upgrade

An upgrade is a process of replacing a product with a newer version, or enhancing its features or efficiency, often to improve performance or to incorporate new technologies.

Oil Change

A maintenance service for vehicles that involves replacing the old motor oil and oil filter with new ones to ensure the engine runs smoothly.