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by Rahul 16 Dec 2008, 09:25
The French trader blew billions in catastrophic gambles on the stock market. Jerome Kerviel, 31, began his reckless dealings after a succession of personal tragedies. The trader was left devastated by the sudden death of his father Charles a year ago and then, while still grieving, his wife of two years walked out on him.
10 financial frauds that shook the world
The double heartbreak sparked the beginning of a chain of events which allegedly culminated in one of the world's largest frauds in the beginning of 2008, with monumental losses of 3.6 billion for France's second largest bank Societe Generale.