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Business

The collateral victims of the Kerviel affair

Latest update : 2010-06-18

Kerviel

Rogue trader Jérôme Kerviel’s risky bets set off a chain reaction, and had far-reaching ramifications for many. Kerviel could now face up to five years in prison and a 375,000 euro fine, as the extent of his culpability in the Societe Generale financial debacle is examined in a closely followed trial which opened on June 8 and is expected to last for three weeks. Huge losses, bosses on the chopping block, ruined reputations... the trial is an opportunity to really appreciate the scale of this financial scandal of historic proportions, and to recall the many direct and indirect victims who lost out.

 

Date created : 2010-06-16

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