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Jerome Kerviel Invented A Friend Named Matt, Built A Vivid Character Sketch Of The Guy

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I knew there was a reason I loved Jerome Kerviel and today that reason became crystal clear. As previously mentioned, the former SocGen trader admitted faking a buncha trades during his time with the firm. Now, there's this:

Former Societe Generale trader Jerome Kerviel admitted on Tuesday to creating a fake client called "Matt" to cover massive unauthorised bets with a broker. 33-year-old Kerviel told the court on the sixth day of his trial how he had lied to broker Moussa Bakir about the driven, rugby-loving "Matt", who worked for a hedge fund, in response to Bakir's questions about his trading strategy.

I must know more. Did Kerviel tell his bosses he and Matt go way back, having met "one drunken night" at University? Did he have pictures of Matt on his desk and snarl at colleagues' insinuation the photos were the ones that come with the frames? Did he ever pick up the phone and pretend to be talking to Matt when no one was on the other line, or he'd dialed whatever is french for 411 and told the operator to play along? I need that last one to be true more than I've ever needed anything in my life.

Ex-trader Kerviel admits to fake client [Reuters via BI]


Court Awards Jerome Kerviel 0.007991228% Of Damages He Demanded From Société Générale

The look on SocGen's face as a judge berated the bank for axing Kerviel probably made up for it.