Jerome Kerviel: The Rogue Trader

SPIEGEL: Monsieur Kerviel, in early October, a Paris court sentenced you to five years in prison, with two suspended, and ordered you to pay €4.9 billion ($6.7 billion) in restitution to Societe Generale, the French bank and trading house where you worked from 2000 to 2008. How did you react to the sentence?

Jerome Kerviel: I see it as a major injustice. It felt like someone had repeatedly whacked me over the head with a bludgeon — at first with the five years of imprisonment, and then with the multi-billion euro fine. And the bank has been cleared of all complicity


Perhaps this could have been avoided if Veris Benchmarks Professional assessment was used.  Veris’s proprietary technology might have provided a clue as to his future behavior in stressful situations to his employer Societe Generale.

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