PARIS , France ( CNN ) -- The French trader accused of a multi-billion-dollar fraud at banking giant Societe Generale will go on trial next year , a lawyer for the bank said Tuesday . Kerviel faces up to five years in prison if convicted of fraud charges . Jerome Kerviel will face charges including forgery , breach of trust , and introducing fraudulent data into the bank 's data system , Societe Generale lawyer Jean Veil told CNN . He faces a penalty of up to five years in prison and a fine of up to €375,000 euros ( $ 538,000 ) , Veil said . The bank also will ask that Kerviel reimburse them for almost 5 billion euros ( $ 7.1 billion ) , `` which probably he will not pay , '' Veil said . The trial is expected to start in the first half of 2010 , perhaps in May or June , Veil said . It will take place at the Tribunal de Grande Instance in Paris , he said . Kerviel , who is now free on bail , was arrested last year after Societe Generale unveiled trading losses of more than $ 7.2 billion . The bank attributed the losses to fraud by Kerviel , who traded European index futures for the bank . Kerviel is the only one charged in the case . His assistant , Thomas Mougard , was cleared of charges Monday , Veil said . Societe Generale believes Kerviel alone was responsible for the losses , which the bank announced in January 2008 . Kerviel maintains he was not acting alone , Veil said . `` The decision of the ( court ) confirms 100 percent the complaint of the bank , and that Kerviel was alone when he organized this massive fraud and that he was acting completely out of his ( own accord ) , '' Veil told CNN .
Jerome Kerviel faces charges including forgery , breach of trust , false data entry . Accused trader faces penalty of up to five years in jail , $ 538,000 fine . Societe Generale also to ask Kerviel to pay back almost 5 billion euros .