VOICED: Frenchman Kerviel in massive rogue trade trial

Jerome Kerviel, a trader at Societe Generale, was involved in a major trading scandal, accused of losing billions through unauthorized deals. While the bank labeled him a fraudster, Kerviel claimed his superiors were aware of his actions. The scandal led to significant financial losses for the bank and resulted in Kerviel being viewed as an antihero in France. He published a memoir suggesting that management ignored risky bets as long as profits were high. Societe Generale admitted to missing numerous warning signs, leading to job losses among top executives. Kerviel faced charges including breach of trust and falsifying data, with potential imprisonment.

What was Jerome Kerviel accused of doing at Societe Generale?

• Embezzling money from clients

• Stealing funds from the bank

• Gambling away billions in risky deals

• Hacking into the bank's systems

How did Kerviel defend himself against the accusations?

• He claimed he was framed by his colleagues

• He argued that his superiors were aware of his actions

• He denied any involvement in the trades

• He stated that he was following orders

What was the financial impact of Kerviel's actions on Societe Generale?

• The bank lost close to €5 billion

• The bank gained significant profits

• The bank's reputation improved

• The bank faced no financial impact

How is Kerviel perceived by some in France?

• As a criminal mastermind

• As a hero of the banking sector

• As a scapegoat for the banking sector's excesses

• As an unknown figure

What are the potential legal consequences for Kerviel if convicted?

• A maximum sentence of five years in prison

• A fine and community service

• No legal consequences

• A life sentence