Societe General Rogue Trader on Trial Two Years Later

Jerome Kerviel, the rogue trader who lost billions at French bank Societe General, went on trial in Paris.
Societe General Rogue Trader on Trial Two Years Later
ON TRIAL: Alleged French rogue trader Jerome Kerviel arrives for his trial at Paris courthouse on June 8. The trial pits the 33-year-old Frenchman alone against the huge bank that employed him, to decide whether he is solely responsible in a case seen as a symbol of the banking excesses blamed for the financial crisis. (Jacques Demarthon/AFP/Getty Images)
6/9/2010
Updated:
10/1/2015
<a><img src="https://www.theepochtimes.com/assets/uploads/2015/09/kerviel101876436.jpg" alt="ON TRIAL: Alleged French rogue trader Jerome Kerviel arrives for his trial at Paris courthouse on June 8. The trial pits the 33-year-old Frenchman alone against the huge bank that employed him, to decide whether he is solely responsible in a case seen as a symbol of the banking excesses blamed for the financial crisis.  (Jacques Demarthon/AFP/Getty Images)" title="ON TRIAL: Alleged French rogue trader Jerome Kerviel arrives for his trial at Paris courthouse on June 8. The trial pits the 33-year-old Frenchman alone against the huge bank that employed him, to decide whether he is solely responsible in a case seen as a symbol of the banking excesses blamed for the financial crisis.  (Jacques Demarthon/AFP/Getty Images)" width="320" class="size-medium wp-image-1818864"/></a>
ON TRIAL: Alleged French rogue trader Jerome Kerviel arrives for his trial at Paris courthouse on June 8. The trial pits the 33-year-old Frenchman alone against the huge bank that employed him, to decide whether he is solely responsible in a case seen as a symbol of the banking excesses blamed for the financial crisis.  (Jacques Demarthon/AFP/Getty Images)
Jerome Kerviel, the rogue trader who lost billions of dollars at French bank Societe General in 2008, went on trial this week in Paris.

Kerviel was charged with unauthorized use of systems, forgery, and breach of fiduciary duties as an employee of Societe General. His key claim is reportedly that his employer knew of his trades, as he disclosed in a book he published prior to trial.

The bank has stated that it upgraded its compliance and controls systems after an investigation by the French authorities following the incident in 2008.