Posts tagged ‘IMMUNITY’

Themis 3391

The Curious Case of Jérôme Kerviel

Whose fault is it when your job is to make as much money as possible?

Back in 2008, it certainly looked as if rogue trader Jérôme Kerviel was acting alone.

He had built up derivative positions in the astronomic amount of €50 billion ($68.5 billion) – way beyond his trading limit – and had admittedly concealed them from his employer, Société Générale, by creating fake, offsetting trades in its computer systems.