Jerome Kerviel, the rogue French trader who allegedly lost billions for one of the world’s largest banks, is reportedly now talking to French authorities at a police station in Paris.
Kerviel single-handedly broke Societe General earlier this week by making bad stock market bets at a loss of $7.14 billion, and gambling tens of billions of dollars more of the bank’s money, according to officials.
Since news broke of the financial scandal, which helped send the banking sector into a tailspin on Thursday, the 31-year-old trader had not been seen before he was taken into custody, which was reported today by The Associated Press.
Police searched Kerviel’s Paris apartment on Friday, taking several briefcases with them as they left.
His employers, Societe Generale, are portraying Kerviel as an evil genius who developed an elaborate scheme to hide tens of billions of dollars in bad trades from his bosses.