Those of you who have not heard this name recalling for them. Jérôme Kerviel,who became famous in January 2008 as the junior trader who’d lost €4.9 billion at French mega-bank Société Générale.

The Fraud and factors against him :

  • The fraud consisted of the taking by the trader of unauthorized directional positions on equities or futures traded on regulated markets, which he concealed by a series of fictitious transactions having no other aim . These transactions for the purchase or sale of equities or warrants with deferred start dates, futures transactions with a pending counterparty, Continue reading
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