Was that wrong? Should he not have done that?

Under questioning by Judge Dominique Pauthe, Kerviel said he began making larger bets in 2005 and started falsifying transactions indicating he had covered his bets. Kerviel said he continued to exceed the 125 million-euro trading limit set for the Delta One trading desk where he worked in the years after 2005. “Seventy percent of the time, limits were exceeded,” Kerviel said when a prosecutor said he was the only one who exceeded limits. He said that the controls on his computer were “deactivated,” allowing him to fake transactions. The head of his trading desk knew as early as April 2007 that Kerviel was making fictitious transactions, Kerviel said.

Comments (6)

  1. Posted by Anonymous | June 9, 2010 at 3:02 PM

    the controls were “deactivated”… I’m sure working as a computer programmer for the last couple years isn’t going to help your case, yet another poor life choice

  2. Posted by guest | June 9, 2010 at 3:08 PM

    Whatever. Limits are for girls.

  3. Posted by Anonymous | June 9, 2010 at 3:28 PM

    French are good at fucking and surrendering. That’s it, not trading.

  4. Posted by Anonymous | June 9, 2010 at 3:34 PM

    I do enjoying fucking the French until they surrender. This is true.

  5. Posted by Anonymous | June 9, 2010 at 3:35 PM

    If he had gone to MIT and worked for AIG he would have never lost money. They don’t lose money; they print it.

  6. Posted by anal_cyst | June 9, 2010 at 11:45 PM

    Never trust a guy named Jerome… I learned from a book.

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