Paris, FRANCE, 2010 - Portrait of Jérôme Kerviel, a French trader who has a pending appeal of his conviction in the January 2008 Société Générale trading loss incident for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at EUR4.9 billion. Société Générale characterises Kerviel as a rogue trader and claims Kerviel worked these trades alone, and without its authorization, assertions that have been met with skepticism from expert commentators and analysts alike. Kerviel had told investigators that such practices are widespread and that getting a profit makes the hierarchy turn a blind eye. Kerviel published a book in May 2010, in which he alleges that his superiors knew of his trading activities, and that the practice was very common.
Jerome Kerviel
Paris, FRANCE, 2010 - Portrait of Jérôme Kerviel, a French trader who has a pending appeal of his conviction in the January 2008 Société Générale trading loss incident for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at EUR4.9 billion. Société Générale characterises Kerviel as a rogue trader and claims Kerviel worked these trades alone, and without its authorization, assertions that have been met with skepticism from expert commentators and analysts alike. Kerviel had told investigators that such practices are widespread and that getting a profit makes the hierarchy turn a blind eye. Kerviel published a book in May 2010, in which he alleges that his superiors knew of his trading activities, and that the practice was very common.

Filename: RH101222_250304_Kerviel.jpg
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Date: 22 Dec 2010
Location: Paris France
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