[Infowarrior] - Rogue SG trader becomes infosec consultant

[Richard Forno]

April 29, 2008 11:02 AM PDT
Rogue trader lands job in computer security
Posted by Robert Vamosi | Post a comment

http://www.news.com/8301-10789_3-9931402-57.html

Jerome Kerviel, a former high-risk trader at France's Societe Generale, last
week started a new job at Lemaire Consultants & Associates, a computer
security and system development company.

Kerviel remains under investigation for one of the largest bank frauds in
history. In January 2008, Societe Generale accused 31-year-old Kerviel of
being a computer genius who took on trades far beyond what he was authorized
to do. As a result, the company has declared a loss of $7.6 billion.

In his defense, Kerviel told investigators he did nothing more than what
others were doing.

On March 18, he was released from jail, and last week started work at
Lemaire Consultants & Associates, a computer security and system development
company. Jean-Raymond Lemairer, the company's founder, reportedly made the
job offer before Kerviel served his sentence.

The New York Times reported that until last week Lemaire was on a list of
those Kerviel was barred from contacting. The Times also reports that in his
new job, Kerviel is forbidden to set foot inside a trading room or an
exchange and may not engage in any activities related to financial markets.