Look who's fighting back: BusinessInsider writes that Jérôme Kerviel, the meek-looking French guy who became famous in January 2008 as the junior trader who’d lost €4.9 billion at French mega-bank Société Générale. Accused of a litany of shenanigans, from unauthorized trading to hacking into SocGen’s computers, he was condemned in 2010 to five years in the hoosegow, with two years suspended.
SocGen called him a rogue trader who’d acted without his superiors’ knowledge. Kerviel confessed to a few of the accusations but claimed that his bosses had known about and had tolerated his activities. He just couldn’t prove it.... until now.
.….But on Friday, he struck back. His new lawyer, David Koubbi, announced at a press conference that they had filed a complaint against Société Générale, alleging that it had tampered with evidence. They were quite a pair, the mostly silent Kerviel dressed in a dark suit and pink button-down shirt with the top two buttons unbuttoned, and the articulate Koubbi, similarly attired, and with the top two buttons of his white shirt unbuttoned. A statement of sorts….