Rogue French banker to pay back $5 billion 5, October 2010
Posted by thegulfblog.com in French IR.Tags: $5 billion damages, Damages, Jerome Kerviel, Societe General, Societe Generale bank damages
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Jérôme Kerviel, the rogue French trader who nearly brought down France’s Société Générale bank, has been ordered to pay $5 billion in damages in addition to going to jail for three years.
At his current salary (which I doubt he’ll return to after jail) it would take him roughly 170,000 years.
The Gulf blog 