Jérôme Kerviel Jérôme Kerviel Jérôme Kerviel (; born 1977) is a French trader who was convicted in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use of the bank's computers, resulting in losses valued at €4.9 billion. Société Générale characterizes Kerviel as a rogue trader and claims Kerviel worked these trades alone and without its authorization. These assertions have been met with skepticism by some of Kerviel's former colleagues and acquaintances, as well as by some members of the news media. Kerviel had told investigators that his trading behavior was widespread at the company and that making
Jérôme Kerviel paid a €300,000 bonus on a declared profit (approximately 0.5%). Family members speaking out say the bank is using Kerviel as a scapegoat to excuse its recent heavy losses. Kerviel was reporting to Eric Cordelle and Philippe Baboulin. Baboulin is now COO of Kepler Capital Markets Geneva. Cordelle has since launched a single malt whisky craft distillery. In answer to the rumors that Kerviel had fled Paris following the discovery of the unauthorised trading, on 2008 Kerviel's lawyer denied that he attempted to disappear and said he remained in Paris to face the accusations. Also on 24 January 2008, Société