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6 October 2010

Frog justice 1, Jerome Kerviel 0

But still, the courts could have locked that bellend up for life. What Kerviel did was unforgiveable - the Societe-Generale (a French bank) lost over NZ$9 billion over a three-day period while they closed out positions which were built up by over NZ$90 billion in fraudulent transactions he had created during his time at the bank. This sort of behaviour cannot be condoned anywhere and the French justice system did a good job of putting that loser in the clink for three years, where he can have a long, hard think about his unethical behaviour.

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