Jérôme Kerviel, The Rogue Trader, Was Sentenced To Three Years In Prison And Ordered To Pay €4.9Bn ($6.75Bn) In Damages To Société Général For Taking Risks That Could.

On 18 january 2008, after being alerted by its control systems, societe generale conducted an internal investigation and discovered that one of its traders, jérôme kerviel, had created. He participated in unauthorized trading activity on his own, putting the bank at serious risk. A french labor court ordered société générale to pay its former trader jérôme kerviel €450,000 in damages tuesday, finding he was wrongfully dismissed after making a.

Jérôme Kerviel, A Young Junior Trader, Was The Offender.

Jérôme kerviel, the french trader who was jailed for losing almost €5 billion for société générale in rogue trades, left prison on parole monday after serving just over 150. Société générale characterizes kerviel as a rogue trader and claims kerviel worked these trades alone, and without its authorization. French rogue trader jérôme kerviel, jailed for generating huge losses at the société générale bank eight years ago, asked for a retrial monday after new evidence in his.

Jérôme Kerviel Is Learning One Of Life's Harsher Lessons:

It stinks to be $6.3 billion in debt. Kerviel, 33, whose €50 billion, or $69 billion at current exchange rates, in rogue dealings almost brought about the french bank’s demise, was convicted on all counts of. This case covers the scandal that occurred in 2008 at société générale when one trader, jérôme kerviel, lost the prominent french bank nearly €5 billion through his.

In January 2008, Société Générale, Revealed That Trader Jerome Kerviel Had Exposed The Bank To 50 Billion Euros In Apparently Unhedged And Unauthorized Trades,.

That's how much his fraudulent trades in 2007 and 2008 cost french bank société. New evidence has surfaced in the case of jérôme kerviel, a french trader accused of having cost the french banking giant société générale nearly 5 billion euros ($5.3 billion) in.