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Tag: "unauthorized risky bets"

Ex-Trader Unveils Startling Truth: Was He Sacrificed to Save a Bank’s Reputation?

A fired trader from Societe Generale claims he was a "scapegoat" for unauthorized trades. He alleges that supervisors were aware of his daily reports and profits, and blames their failure to detect the risky transactions. Despite not losing money, SocGen fired him after revealing the trades could have led to significant losses. The trader highlights a lack of regulations in the trading industry and calls for justice for traders.