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List:       isn
Subject:    [ISN] Rogue trader lands job in computer security
From:       InfoSec News <alerts () infosecnews ! org>
Date:       2008-04-30 5:28:07
Message-ID: Pine.LNX.4.61.0804300026370.10737 () conundrum ! infosecnews ! org
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http://www.news.com/8301-10789_3-9931402-57.html

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 
$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.


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