Jerome Kerviel – Single Trader Loses $7.1 Billion In Biggest Bank Scam In History
Just a week ago, when global markets from Bombay to Wall Street were tanking, few investors had ever heard the name Jérome Kerviel. Why would they? The 31-year-old from small-town Brittany in France was a low-level futures trader.
One week later, Kerviel the rogue trader who has lost Société Générale $7.1 billion) now has 347,000 hits on Google, 14 groups dedicated to him on Facebook, and a Wikipedia biography and the mounting political scandal over how he pulled off the biggest scam in banking history is only just beginning.
