The other day we noted that in the course of making fake trades at SocGen, Jerome Kerviel had invented a fake client who he’d named Matt, whose bio Kerviel added little flourishes to such as the fact that Matt apparently loved to play rugby. Today we hear from a non-imaginary colleague of Kerviel’s, none too happy about the fact that he owes her, a bottle of bubbly she’s probably never gonna get.
Jerome Kerviel offered a Societe Generale SA internal controller champagne and presented “coherent” explanations when questioned about his trading, according to testimony in a Paris court today. Marine Auclair, in charge of comparing traders’ reports with the bank’s accounts, said she contacted Kerviel and his superiors in April 2007 after finding a “mismatch” of 94 million euros ($116.4 million) between trades he reported and what was booked in the accounting system.
When asked about the discrepancy, Auclair said Kerviel “had a fairly nervous, worried air about him and said, ‘If you take care of this gap, I’ll give you a bottle of champagne.’”
She testified that she never received any champagne.
Who took care of the ‘gap’. Wink, wink, nudge, nudge, if you know what I mean.
@1 say no more
This sort of thing happens all the time at D.E. Shaw. It’s really no big deal.
Trade reconciliation: anything under E100mm is one bottle of champagne. anything over E100mm is a bottle of Harlan.
- Guy who doesn’t get hung up on this whole internal control thing.
WTF? I tried that line with my dentist and it didn’t work!
-M. Strahan
DB = Playa Haters Ball:
http://www.pp2g.tv/vZnB6Y3c_.aspx
Careful, Sweetie. The Mort’s Frenchified
Since she didn’t get the bubbly; we should assume Marine found some E&O account to call home for those trades?
wow – he welched on the bubbly? Wow – comments like that could really sully that guy’s reputation..
I got you good, you fucker!
@5 – that is weird .. me too,
Yo homeslice @5, we gots the same dentist!
….yesssssss……YESSSSSSSS……
@5 FTW with a good showing @9, not bad @12
-Guy who is giving it up pretty easily
A compliance role at a French bank: the next stop on the Zach Kouwe whirlwind tour of underqualification and immorality.
He used the Maginot “line”.
Great “Fosse hands,” JK!
(seriously, great Fosse hands)
After Kervie gets out of prison, he can get back to what he’s probably best at – playing Xbox and rolling blunts.
Word in the pen is that J.K. emerged from the back office by buying everyone on the floor a case of beer and a pack of smokes. A supervisor was so impressed with his go-to that he hired him on the spot.
jus’ surfin’ and found DB. This be kick ass fo’shnizzle!
@12 – examine your mandibles.
My favorite imaginary Matt is still Mr. Creamer for obvious reasons.
Like we say in Jolly Old England, Mind The Gap.
So sexy to see that on a pair of panties…..
Now life has killed the dream I dreamed.
working for a French bank ??????
career death spiral
@25, meet @15
@24 .. Victor Hugo? Classy.
What did he have to do for Marine to cover the $50b gap?
@24: Nice Les Miserables reference. Oh and where’s that fucker Valjean?
Inspector Javert
@29. Did you check the sewers?
Marius