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Jérôme Kerviel's Week Is Looking Up

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Yes, under the terms of his parole he'll have to follow a curfew but it could've been a lot worse (in this case, worse meaning prison and a multi-billion fine, which would've taken god-knows-how-many walk-a-thons to pay back).

Mr. Kerviel, who is serving a three-year prison sentence, will have to wear an electronic bracelet when he is freed on Monday, his lawyer, David Koubbi, told reporters. "He will dedicate his free time to social activities," Mr. Koubbi added. The former trader will also have to respect a daily curfew. As part of his conviction, Mr. Kerviel was banned from working in the financial industry. After years of legal proceedings, France's top court sentenced Mr. Kerviel to a three-year prison sentence earlier this year. In the same ruling, the court overturned an order, imposed on the former trader at an earlier stage, requiring him to pay €4.9 billion ($6.37 billion) in damages.

Rogue Trader Jérôme Kerviel is Granted Parole [WSJ]


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.