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VOICED : French rogue trader

VOICED : French rogue trader

Assessment

Interactive Video

Business

10th Grade - University

Hard

Created by

Wayground Content

FREE Resource

Jerome Kerviel, a former trader at Societe Generale, faces legal challenges after being held responsible for significant financial losses. Despite claims that he was a scapegoat for the bank's greed, a Paris court upheld his conviction for breach of trust, forgery, and entering fraudulent data. Supporters argue his superiors were aware of his actions but ignored them for profit. Kerviel's defense team plans further appeals, while the financial burden remains immense, with repayment estimated to take 370,000 years on his current wage.

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3 mins • 1 pt

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