Accused SocGen Trader Gets a New Job

PARIS -- Jerome Kerviel, the former trader at French bank Societe Generale who shook global financial markets when the bank revealed $7.14 billion in losses tied what it says were unauthorized trades, has landed a new job as a computer consultant, The Associated Press reported.

"Jerome is a young man who wants to work, and doesn't want to remain inactive living on unemployment insurance - or whatever," said Kerviel's spokesman, Christophe Reille, according to the AP.

Kerviel is working for LCA computer consultancy in the Paris suburb of Levallois, hired by the same man who hid him from journalists after Societe Generale said the former trader held unauthorized positions of more than $73 billion, the AP reported.

-- NYSSCPA.org News Staff

Posted on 4/25/08