Galaxy Watch 5 Review Specialty Foods Online 'She-Hulk' Review Disney Streaming Price Hike Raspberry Girl Scout Cookie $60 Off Lenovo Chromebook 3 Fantasy Movies on HBO Max Frontier Internet Review
Want CNET to notify you of price drops and the latest stories?
No, thank you
Accept

Rogue trader lands job in computer security

High-risk financial trader Jerome Kerviel, released from jail last month, takes a job in Paris for a computer security company.

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.