Jerome Kerviel was a
junior level derivatives trader for French securities firm Société Générale
. He was charged with losing more than €4.9 billion in company assets by conducting a series of unauthorized and false trades between 2006 and early 2008.
What is Jerome Kerviel doing?
Sentenced to five years in prison for causing a loss to Société Générale, Jérôme Kerviel still has to pay him one million euros in damages since 2016. On the sidelines of a hearing before a committee of the National Assembly on July 8, the former trader indicated that he was now working as a
“consultant
“.
How did Jerome Kerviel get poor?
By manipulating the bank's software, he was
making risky one-sided bets when his
firm thought he was making lower-risk arbitrage trades. Kerviel reportedly made nearly US$2 billion in profits in 2007 by making these kinds of unauthorized trades.
How was Jerome Kerviel caught?
On Sunday afternoon, Kerviel threatened to stay in Italy and appealed to France's president to intervene in his case. But he changed tack later on, crossed the border a little before midnight and was swiftly arrested by
French police
. “The fight will go on.
Why is man Jerome Kerviel?
Jérôme Kerviel (French pronunciation: [ʒeʁom kɛʁvjɛl]; born 11 January 1977) is a French trader who
was convicted and imprisoned in the 2008 Société Générale trading loss for breach of trust, forgery and unauthorized use of the bank's computers
, resulting in losses valued at €4.9 billion.
Who is Jerome the poorest person in the world?
Meet
Jerome Kerviel
, the poorest person in the world. He was born on 11, 1977 in Pont-l'Abbé, Brittany, France. After engaging in $73 billion in illegal agreements, forgeries, and other shady activities, he owes $6.3 billion.
Who is the poorest man in history?
Who is the poorest man alive?
Jerome
has gone down in history as a man behind the world's most massive trading fraud and is currently the world's poorest man. Behind his costly suits, Jerome is now the world's poorest man considering he owes SocGen more than $6.3 billion.
Who is the most in debt person in the world?
Jerome Kerviel
: The most indebted person in the world, owes $4.9 billion.
Is Jerome Kerviel out of jail?
French rogue trader Jerome Kerviel
has left prison to serve the rest of his sentence
wearing an electronic tag. … “I am super happy to leave today,” Kerviel said as he left the jail. “I want to have a normal life with my loved ones, start a family and finally be able to enjoy life.”
Is Jerome poor?
Jerome Kerviel, the ex-Societe Generale trader who has more debt than anyone else in the world, has turned himself in to French authorities to begin a three-year jail sentence. … The sharply-dressed Kerviel is, at least on one measure, the world's
poorest
man, owing SocGen around $6.3bn (£3.7bn).
How is Jerome Kerviel in debt?
The amount Kerviel owes
to French bank Societe Generale for fraudulent trades made in 2007 and 2008
would make Kerviel one of the 50 richest people in America if those debts were assets. But Kerviel cannot even begin paying off his debts until 2015, when he is scheduled to be released from prison.
Who is the richest kid in the world?
The wealthiest kid in the world today is
Prince George of Cambridge
, son of Prince William, Duke of Cambridge and Catherine, his Duchess. He inherited a whooping fortune, rising to no less than $1 billion.
Who is the richest kid in America?
According to the US Sun,
Blue Ivy Carter
tops the list of the richest kids in America. The daughter of Shawn “Jay Z” Carter and Beyoncé Knowles-Carter has an estimated net worth of $500 million.
Who is the poorest rapper?
Jerome Kerviel
has a net worth of -$6.7 billion as he still owes Societe Generale (SocGen) bank. Jerome Kerviel is the poorest person in the world right now.
Who is the richest black woman?
| Folorunso Alakija | Website www.folorunsoalakija.com |
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Who is the poorest celebrity?
- 50 Cent – $30 million. 50 Cent. …
- Nicolas Cage – $25 million. Nicolas Cage. …
- Pamela Anderson – $12 million. Pamela. …
- Charlie Sheen – $10 million. Charlie Sheen. …
- Toni Braxton – $10 million. Celebrities with low net worths. …
- Mel B – $6 million. Mel B. …
- Tyga – $5 million. Tyga. …
- Sinbad – $4 million. Sinbad.
