Rogue Trader Jerome Kerviel is Back

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 “Rogue Trader Jerome Kerviel is Back”