Societe Generale’s Jerome Kerviel – Alleged Rogue Trader on File in Paris
Remember Jérôme Kerviel? He was the French rogue trader who (allegedly) cost Société Générale $6 billion in trading losses. His trial is now underway in Paris, France.
From some recent media coverage… “Former Société Générale chief Daniel Bouton, who resigned amid intense criticism just over a year ago, branded Kerviel “a terrorist” at the time. But Kerviel quickly became a romantic underdog – a clever anti-hero seen to be caught in the massive cogs of finance, who was only trying to do his job. T-shirts around Paris read, “I am Jerome’s girlfriend,” and he wrote a tell-all book, published last month.”
His book is called L’engrenage, Mémoires d’un trader . Kerviel even had a graphic novel comic book made about his escapades (Le Journal De Jérôme Kerviel).
Here is a video about Kerviel back in court:
Here is an interview from French television (in French) with Kerviel:
But I think these British puppets might describe the whole rogue trader situation the best:
Or perhaps this sums it up more succinctly:
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