Paris, France - (Embezzlement Mess): A frontman appointed by George W Bush's blind trust portfolio bagman William Stamps Farish III sold over $500 million SocGen shares held in an escrow account 'for an unnamed beneficiary' just days before framing a small-time front desk dealer called Jerome Kerviel for France's biggest ever banking loss according to reports.
One week later the US Federal Reserve intervened in downward spiralling stockmarkets with a succession of interest rate cuts amid rumors of a big French fish about to hit the reef.
The move was quickly followed by the announcement in Paris that SocGen bank had lost over $7 billion in an insider-trading embezzlement fraud that accumulated staggering losses after following tips from Pentagon-approved psychic mediums.
Lawyers acting for Jerome Kerviel have so far refused to comment on speculation that their client is the natural son of either movie actor Tom Cruise or former Blair Middle East enovoy, top WMD fantasist and personal bagman Lord Levy.
Reports that Kerviel was also managing Russian President Vladimir Sputum's $20 billion retirement warchest have yet to be disproved.
"The whole thing stinks," said an editorial in France Alors! newspaper today.