Ex-SocGen trader Kerviel finds new job: report

Thu Apr 24, 2008 1:53pm EDT
 
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PARIS (Reuters) - Jerome Kerviel, the trader accused of causing record losses at French bank Societe Generale (SOGN.PA), has found a new job, French magazine Le Point reported on its website on Thursday.

Le Point said Kerviel had found work with Jean-Raymond Lemaire, an information technology (IT) executive who runs the LCA software company.

The magazine cited Lemaire as saying that Kerviel was working for him but added that Lemaire did not say what kind of job Kerviel had.

A spokesman for Kerviel had no immediate comment on the report.

In February, French magazine Paris Match ran an interview with Lemaire since he had let Kerviel stay with him for a while.

On Jan 24, SocGen unveiled 4.9 billion euros ($7.72 billion) of losses which it said were caused by rogue deals carried out by Kerviel, a 31-year old junior trader at the bank.

Kerviel was freed from prison in March after an appeal against his detention but remains under formal investigation for breach of trust, computer abuse and falsification.

(Reporting by Sudip Kar-Gupta)

 

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