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Ex-SocGen Exec A Fugitive For Staying In France, Judge Says

Law360 (May 29, 2019, 9:00 PM EDT) -- A former Societe Generale SA executive who allegedly helped falsify the Paris bank's submissions to the London Interbank Offered Rate was deemed a fugitive Wednesday by a New York federal court, which said the accused banker can't fight the case if she stays in France.

Muriel Bescond, a former head of SocGen's Paris treasury desk, is "flouting the judicial process," U.S. District Judge Joanna Seybert said in Wednesday's ruling.

Bescond has engaged in "one-sided litigation" while on the lam, Judge Seybert said. The banker has refused to cooperate with a warrant for her arrest on the Libor-rigging charges, but at the...

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New York Eastern

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August 24, 2017

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