Trader Blamed for 'Biggest Bank Fraud in History'

  • Playlist
  • Download
  • Embed
    <iframe src="" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The French bank Societe Generale, the world's seventh largest bank, says it's the victim of one of the biggest frauds in history. A single young trader allegedly made $7 billion "disappear into thin air" through sophisticated techniques.

The CEO has offered to resign and hundreds of shareholders are suing the bank. Madeleine Brand talks to NPR's Eleanor Beardsley about the unlikely heist



Please keep your community civil. All comments must follow the Community rules and terms of use, and will be moderated prior to posting. NPR reserves the right to use the comments we receive, in whole or in part, and to use the commenter's name and location, in any medium. See also the Terms of Use, Privacy Policy and Community FAQ.

NPR thanks our sponsors

Become an NPR sponsor

Support comes from