In the documentary “Kerviel: a trader, 50 billion”, broadcast on Max, the former trader convicted by the courts returns to the Société Générale affair and confides in his current life.
The former employee of Société Générale, son of a boilermaker and a hairdresser, who became a defense trader, is the subject of a series, ten years after the resounding affair of Société Générale of which he was the main actor 10 years ago.
He was sentenced to prison and to pay $4.9 billion in damages to the Société Générale which employed him, for having taken reckless risks and causing losses amounting to this astronomical sum.
In 2015, the Versailles Court of Appeal reduced the damages to 1 million euros.
Ban on working in finance
Today, the former trader is prohibited from working in the field of finance and, preceded by his reputation, would have great difficulty finding a job.
He would have no home or fixed income so that nothing would be seized from him.
All his belongings would fit in a bag and he would be “hampered in his ability to build a future”, confides a friend in the documentary broadcast on Max.
Kerviel wants to reopen the file
Jérôme Kerviel would like to have the case reopened today in order to cancel his debt of 1 million euros and condemn Société Générale.
In this series also testified Daniel Bouton, the former CEO of Société Générale, Luc François, the head of the trading room at the time, the former communications director of the bank, the former president of the Republic, François Hollande and former colleagues of Jérôme Kerviel.
Among the testimonies, that of Philippe Houbé, responsible for keeping the bank's accounts at the material time, who believes that “the legend that no one saw anything is impossible”.
