Jerome Kerviel, the former Societe Generale SA banker convicted in one of history’s biggest trading losses, has returned home to serve his three-year sentence after cutting short his crusade against the industry he once served.
Jerome Kerviel, the former Societe Generale SA trader facing prison for a record banking loss, was taken charge of by French police after prosecutors said his failure to turn himself in would have made him a fugitive.
Jerome Kerviel, the former Societe Generale SA employee convicted for unauthorized transactions leading to one of the biggest trading losses in history, faces prison after a French court rejected his appeal.
Jerome Kerviel told a Paris court that he sent weekly reports to his Societe Generale SA bosses, bolstering his claims the bank knew about the scale of his trades before they led to a 4.9 billion-euro ($6 billion) loss .
Jerome Kerviel, the former Societe Generale SA trader convicted for fraudulent transactions that resulted in a record loss at the French bank, has hit the road to draw attention to what he calls the tyranny of finance.
Jerome Kerviel was sentenced to three years in prison and ordered to repay Societe Generale SA ’s 4.9 billion-euro ($6.8 billion) trading loss by a judge who said the former trader’s crimes threatened the bank’s existence.