1. Jerome Kerviel
Jerome Kerviel joined Societe Generale (SCGLY) in 2000, working in a compliance department and was promoted to junior trader by 2005.
In 2008, the bank accused him of making unauthorized speculative trades that had cost it $6.7 billion dollars.
Kerviel maintained that the bank and his bosses encouraged massive risk-taking as long as it made money.Kerviel was sentenced to serve three years in prison, but that was where he got off easy. He was also ordered to pay back $6.7 billion to Societe Generale, which would likely take him more than a lifetime to repay once he got out of prison. SocGen was ordered to pay a $5.5 million fine for failing to adequately supervise Kerviel. "The absence of proper supervision on the part of the bank should not have been interpreted as a tacit green light to engage in wild speculation," Judge Dominique Pauthe said, according to reports. --Written by Shanthi Bharatwaj in New York
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