By Robert Vamosi
Defense in Depth
April 29, 2008
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
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
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