Jérôme Kerviel (born January 11, 1977) is a French trader who has been charged in the January 2008 Société Générale trading loss incident, resulting in losses valued at approximately €4.9 billion. Société Générale characterises Kerviel as a rogue trader and claims Kerviel worked these trades alone, and without its authorization. Kerviel, in turn, told investigators that such practices are widespread and that getting a profit makes the hierarchy t...
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Jérôme Kerviel (born January 11, 1977) is a French trader who has been charged in the January 2008 Société Générale trading loss incident, resulting in losses valued at approximately €4.9 billion. Société Générale characterises Kerviel as a rogue trader and claims Kerviel worked these trades alone, and without its authorization. Kerviel, in turn, told investigators that such practices are widespread and that getting a profit makes the hierarchy turn a blind eye. Until the discovery of fraud perpetrated by Bernard Madoff, it was reported to be the largest fraud in banking history.
Jérôme Kerviel grew up in Pont-l'Abbé, Brittany. His mother, Marie José, is a retired hairdresser and his father, Charles, who died in 2006, was a blacksmith. Kerviel is married, but he and his wife recently separated.
He graduated in 2000 from University Lumière Lyon 2 with a Masters in Finance specializing in organization and control of financial markets. The university's financial program, which was...
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