Jerome Kerviel former Societe Generale trader appeal dismissed

A former financial rogue  trader Jerome Kerviel has been declared as the most indebted man on the planet as he owes his erstwhile employer $6.3 billion.

Kerviel managed €50 billion ($73 billion)during his tenure at Societe Generale, using a sophisticated scheme of computer hacking and deceptive trades to deceive the bank.

He is to spend three years in prison and pay back $73 billion in damages for one of the biggest trading frauds in history.