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Rogue Trader Gets a Job

IT company hires man behind biggest trading scandal in history

By Kevin Spak,  Newser Staff

Posted Apr 26, 2008 2:37 PM CDT
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(Newser) – Jérôme Kerviel is working once again, despite having cost France’s Société Générale $7.68 billion in unauthorized trading. Released from prison a few weeks ago, the rogue trader is employed as an IT consultant for a French company specializing in networks and security, the Wall Street Journal reports. The gig could also help keep Kerviel out of jail.

Kerviel was in prison for more than a month and is being investigated, but French law makes it harder to incarcerate employed suspects. Kerviel owes the job to his legal team, which has called on Kerviel's new boss for IT testimony before and introduced the two men. So far, the computer company refuses to reveal the nature of Kerviel's new job.

Jerome Kerviel, accused of causing massive losses at French bank Societe Generale, waves as he leaves a Paris prison Tuesday, March 18, 2008.
Jerome Kerviel, accused of causing massive losses at French bank Societe Generale, waves as he leaves a Paris prison Tuesday, March 18, 2008.   (AP Photo/Christophe Ena)
Jerome Kerviel, the trader accused of causing massive losses at French bank Societe Generale, leaves La Sante prison in Paris, Tuesday, March, 18, 2008.
Jerome Kerviel, the trader accused of causing massive losses at French bank Societe Generale, leaves La Sante prison in Paris, Tuesday, March, 18, 2008.   (AP Photo/Michel Euler)
Jerome Kerviel, accused of causing massive losses at French bank Societe Generale, sits in a car as he leaves a Paris prison Tuesday, March 18, 2008.
Jerome Kerviel, accused of causing massive losses at French bank Societe Generale, sits in a car as he leaves a Paris prison Tuesday, March 18, 2008.   (AP Photo/Christophe Ena)
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Kerviel adds a line to his resume
Forbes

Kerviel's old boss tries to sue, prosecutor unhappy
Reuters

Kerviel sues for unlawful termination
Times (UK)

Money • World

 
France • information technology • Jérôme Kerviel • rogue trader • Societe Generale

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