The world's most famous rogue trader is about to have his encounter with the criminal justice system. Jerome Kerviel, made famous by transactions he made while a trader at Societe Generale, will go to trial.
He's been charged with forgery, breach of trust and unauthorized computer use. If the French legal system finds him guilty, he could spend up to five years in prison and face a fine of up to €375,000.
Kerviel allegedly made unauthorized trades that cost SocGen more than €5 billion. The losses -- and underlying activity -- came to light in January 2008 as one of the largest trading losses ever to be sustained.
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