$7.2 billion fraud costs J�r�me Kerviel (Facebook) friends

Posted Jan 26th 2008 4:10PM by Zac Bissonnette
Filed under: Scandals

If someone you know was on the front-page of every newspaper for a scheme that cost France's second-largest bank $7.2 billion, what's the first thing you'd do?

Exactly: Delete him as your friend on Facebook. According to DealBook, that's exactly what happened: Before the story broke, Jérôme Kerviel had 11 friends on Facebook. Now he's down to just one.

I'm surprised everyone is so quick to delete him: I would think it would be exciting to be Facebook friends with someone destined to live in infamy. I'd add him as a friend now, but something tells me he won't be logging on for awhile.

Meanwhile, numerous "Facebook groups" devoted to the former trader have emerged. My favorite has to be the one called "If 5billion persons join this group & give 1€ we save Jerome Kerviel career." The group's founder writes that, "If (and only IF) 4,9 billion persons join this group and IF each one give 1€, we can refund Société Générale and save Jerome Kerviel's career ... But the question is: should we?"

Tags: Banks, Facebook, fraud, Jérôme Kerviel

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Reader Comments (Page 1 of 1)

1-27-2008 @ 6:38AM

orhan said...

happy day quickly catch ı promise ı like it very smart girls ı gonna be go get so forever never ever either say hello my self

1-29-2008 @ 7:36AM

P said...

Come on guys grow up and stop believeing that martians will come tomorrow morning on earth saving human beeing releasing them of all pains.

Can one make a so huge damage without someone notices that there is something wrong ?

What about some Societe Generale's directors selling in emergency 83 Millions of Euro of stocks before the losses were discovered by authorities ?

This is nothing more than a smokescreen that some managers used to hide their own actions.

1-30-2008 @ 4:54AM

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