Jerome Kerviel has spent years insisting he wasn’t solely to blame for the record trading loss that almost sank Societe Generale. The French legal system that sentenced him to three years in jail is starting to agree.
Bloomberg News reports that in the space of two weeks, an employment tribunal awarded Kerviel about half a million dollars for unfair dismissal, while in another courtroom a prosecutor criticized Societe Generale for “multiple, long-standing” failings.
“The latest legal news adds grist to my mill,” Kerviel, 39, said in an interview at his lawyer’s office in Paris. “People are realizing that the case isn’t as clear as it seemed.”
Casting himself as a victim of a corrupt financial system has won Kerviel support over the years from people with backgrounds as varied as priests and left-wing politicians. In the early days, he inspired a comic book and fan club and featured on T-shirts.
And just last week, “The Outsider,” a movie dramatizing his account of the events, hit French cinemas to mostly positive reviews. Kerviel, who suffers from phobias and panic attacks, said he can’t bring himself to watch the entire film because it brings back bad memories.
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