BusinessCompany NewsRogue trader changes jobs

Rogue trader changes jobs

Jérôme Kerviel the rogue trader accused of losing €4.9bn for SocGen has changed jobs while awaiting trial

Jérôme Kerviel, the French rogue trader accused of losing €4.9bn (£3.8bn)
while working for the bank Société Générale, is now a computer expert for the
French computing consulting firm LCA.

Jean-Raymond Lemaire, LCA owner, confirmed to the Guardian he had
hired Kerviel as a consultant at the start of April. He said he had helped the
trader find a place to live during the media frenzy after he was first charged.

Kerviel, 31, who was released on bail on March 18, is banned from going near
trading floors or anywhere financial trading is taking place.

If found guilty of breach of trust, Kerviel would face a maximum prison
sentence of three years and a fine of €370,000.

Further reading

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story in the Guardian

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