Jerome Kerviel Net Worth
The Jerome Kerviel net worth is -7.8 million $. He is a former trader and an actual consultant from France.
jerome kerviel – Biography
Société Générale is one the biggest banks in Europe to be convicted of illegal trading, carried out by former French trader Jérôme Kerviel.
2008 he was charged for making deals that were not real as well as going beyond his risk limit and lost €4.9billion from the company’s portfolio.
He received a three-year sentence in prison and was also ordered to pay the total value of his losses which some time later an appeals court reduced to €1 million.
He claimed he was the sacrificial lamb of an under-fire bank during this global financial crisis – not a rogue trader.
Jerome Kerviel– Biography & Personal Details
|Date Of Birth
|11 January 1977
|Pont-l’Abbé, Finistère, France
|47 years old, as of 2024
|University of Nantes and the Lumière University Lyon
|bachelor’s degree in finance and a master’s degree in market transactions
|written a book and worked as an IT technician
|former trader and a current consultant
|as a trader was unauthorized and risky, as he exceeded his authority and created fake trades to hide his losses.
Jerome Kerviel– Family, Relationship, and Affair
Jérôme Kerviel’s family, relationship, and affair are:
He was raised in Pont-l’Abbé, Brittany, France along with his parents and older brother.
He was married but he and his wife separated in 208 due to the revelation of scandals.
He is also not known to have any children or partners.
He is embroiled in a protracted legal tussle with Société Générale, his previous employer, based on whether or not he was responsible for causing losses amounting to €4.9 billion as an outcome of unauthorized trading.
Jerome Kerviel Family & Marital Status
|Separated From her wife
|Marie-Josée and Charles Kerviel
|older brother named Olivier
|Jerome Kerviel Height
|In Centimeters –193 cmIn Meters-1.93 mIn Feet and Inches –6’5″
|Jerome Kerviel Weight
|In Kg –88 kgIn Pounds –194 lbs
|Jerome Kerviel Hair Colour
|Jerome Kerviel Eye Colour
jerome kerviel Career
Jérôme Kerviel’s career can be summarized as follows:
In 200, he joined the Société Générale (SocGen) where his job was to ensure compliance with various laws in France. 2005 he became a junior trader.
He was assigned the responsibility of profiting from divergences in stock derivatives and cash equity value through arbitrage; however, he initiated unauthorized as well as risky trading that went beyond his powers.
To hide his losses and avoid being caught by the bank’s systems he organized fictitious trades and documents.
To cover up his losses and elude detection through the bank’s systems, he invented trades and papers.
He was arrested and courted, and convicted of forgery, breach of trust, and misuse of the bank’s computer facilities. He was sentenced to a prison term of three years and required to pay the total damage, which an appeals court later reduced to € million.
He claimed that he was not a rogue trader, but the scapegoat for the bank’s financial woes during the global crisis. He said that his supervisors encouraged him to take risks and knew what he was doing.
After his trial, he worked as an IT specialist and authored a book about his experience called L’Engrenage: The Spiral: Memoirs of a Trader.
He is now employed at Lemaire Consultants, a computer security firm where he works as a consultant.
Jerome Kerviel Social Media Accounts
|Jerome Kerviel Instagram
|Jerome Kerviel Facebook
|Jerome Kerviel Youtube Channel
|Jerome Kerviel Twitter
|Jerome Kerviel Linkedin
Jerome Kerviel Net Worth
|Net Worth (Approx.)
|Monthly Income and Salary
|Yearly Income and Salary
Jerome Kerviel early life
This was the judgment of former trader Jérôme Kerviel who had been accused/found to have carried out unauthorized trading in France’s Société Général banks. He was born on January 11, r977 Pont-l’ Abbé Brittany France.
His mother was an ex-hairdresser while his father worked as a blacksmith. His older brother is named Olivier. He studied finance at the Universities of Lyon and Nantes.
In 2005, he worked in the compliance department at Société Générale after becoming a member of staff in 200.
What is Jerome Kerviel’s Net Worth?
Jerome Kerviel’s net worth is currently estimated at -$7.8 million.
Who is Jerome Kerviel?
Jerome Kerviel is a former trader and current consultant from France. He gained notoriety for his involvement in unlawful trading activities at Société Générale, one of Europe’s largest banks.
What were the charges against Jerome Kerviel?
In 2008, Jerome Kerviel was charged with fabricating deals and exceeding his risk threshold, leading to losses of €4.9 billion at Société Générale. He engaged in unauthorized and high-risk trading practices.
What was Jerome Kerviel’s legal outcome?
Jerome Kerviel was initially sentenced to a three-year prison term and ordered to reimburse the full €4.9 billion in losses. However, an appeals court later reduced the reimbursement amount to €1 million.
Why does Jerome Kerviel claim to be a scapegoat?
Kerviel asserts that he was made a scapegoat for Société Générale’s financial difficulties during the global financial crisis, rather than being recognized as a rogue trader. He claims that his supervisors were aware of his actions.
What is Jerome Kerviel’s educational background?
Jerome Kerviel holds a bachelor’s degree in finance and a master’s degree in market transactions. He attended the University of Nantes and Lumière University Lyon.
What is Jerome Kerviel’s career history?
Kerviel began his career at Société Générale in 2000 as a compliance officer and was later promoted to junior trader in 2005. He engaged in unauthorized and risky trading, resulting in his arrest, trial, and subsequent career shift to IT specialist and author.
What is Jerome Kerviel’s current profession?
Jerome Kerviel currently works as a consultant for Lemaire Consultants, a computer security firm.
What is known about Jerome Kerviel’s personal life?
Jerome Kerviel grew up in Pont-l’Abbé, Brittany, France, with his parents and an older brother. He was married, but the marriage ended in separation in 2008 after the trading scandal. He does not have any known children or romantic partners.
Does Jerome Kerviel have a presence on social media?
Yes, Jerome Kerviel has a presence on Instagram and Twitter with significant followers, but he does not have verified accounts on Facebook, YouTube, or LinkedIn.
What is known about Jerome Kerviel’s early life?
Jerome Kerviel was born on January 11, 1977, in Pont-l’Abbé, Brittany, France. He studied finance at the Universities of Lyon and Nantes and began working at Société Générale in 2000 before becoming a junior trader in 2005.