Skip Nav
Disney
Everything We Saw at Disneyland's First-Ever Vintage Theme Night
Eco
Filthy Dishwasher? How to Naturally Clean It
Travel
I Was Stranded in the ATL Airport For 48 Hours — This Is What I Learned

Most Shocking Headline: Biggest Fraud in Banking History

Banks have been going through big drama from the beginning of the year all the way through the end. In January, a French rogue trader named Jérôme Kerviel managed to lose about $7.2 billion with a series of bogus transactions. The 31-year old trader was responsible for betting on the markets' future performance for his employer, French bank Societe Generale. The enormity of this scandal ($7.2 billion!) makes it one of the shocking headlines of 2008.

The affects of the huge loss were realized by law enforcers and Kerviel was sent to jail — only to be released after three months in prison. He walked out of jail and into a job offer from Lemaire Consultants & Associates. The company specializes in computer security and system development, and while Kerviel had very little IT experience and his degree is in finance, his demonstrated knowledge of electronic risk controls got him the job.

Source

Couple's Figure Skating Routine to "The Sound of Silence"
Palace of Versailles Tips
France's Mandatory Vaccine Policy For Children
Beauty and the Beast Disney River Cruise
Emmanuel Macron to US Climate Scientists Video
French Road Trip Tips
Female Ministers in Emmanuel Macron's Cabinet
Nice, France Travel Tips
Nude Park in Paris
Fake Paris in China
From Our Partners
Latest Affordable DIY & Organization
All the Latest From Ryan Reynolds