Ex-top firm trader soon to learn of fate

Kerviel with Beret

Jerome Kerviel’s quixotic quest for redemption has won him at least one convert.

Bloomberg reports that Filippo Falugiani had never heard of the former Societe Generale trader or that he’d been convicted for losing $6.9bn at the bank six years ago. Yet after Kerviel stayed a night in one of the rooms the Falugiani family rents above their restaurant in Tuscany, 36-year-old Filippo is convinced the French justice system has got it wrong.

'He impressed me with how serious and friendly he is', Falugiani said in Bargino, a village where the last vineyards of the Chianti region start to give way to the suburbs of Florence, 22 kilometres (13 miles) to the north. 'I can’t believe he can be solely responsible for the loss'.

Kerviel may not be able to sway French judges as easily. The 37-year-old is walking 1,400 kilometres from Rome to Paris after seeing Pope Francis on February 19th while France’s highest appeals courts considers his bid to overturn two rulings holding him solely responsible for the 2008 trading loss, among the biggest in banking history. A rejection of his appeal by the court on March 19th will send Kerviel to prison for three years. If he wins, a new trial will be held.

To access the complete Bloomberg article hit the link below:

SocGen Ex-Trader Kerviel Walks to Forget Loss as Judgment Looms

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