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View Full Version : Rogue trader Jerome Kerviel hit the jackpot on 7/7


thankyoudave
24-01-2009, 08:19 AM
http://business.timesonline.co.uk/tol/business/industry_sectors/banking_and_finance/article5568518.ece

SocGen rogue trader Jerome Kerviel 'hit the jackpot' on 7/7

It was a day of carnage that left 56 people dead and a dark shadow for ever cast over the history of London. But for Jérôme Kerviel, the French rogue trader, 7/7 was the jackpot.

Mr Kerviel, whose wild bets on the stock market ended with record losses, celebrated as Britain’s worst terror attack helped him to register a €500,000 profit and to continue a winning streak that brought him “orgasmic pleasure”.

“The best trading day in the history of Société Générale was September 11, 2001,” he said. “At least, that’s what one of my managers told me. It seems that profits were colossal that day.

“I had a similar experience during the London attacks in July 2005.”