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To: elmatador who wrote (28715)	1/28/2008 9:10:04 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 219831

You're a nut. Kerviel faces a five year sentence for bank fraud and a €75,000 fine. This law cannot be rewritten to fit the situation as it can be in nations like Brazil where the justice system is corrupt. Kerviel understood how to bypass the existing control systems because he worked in that department previously. Letting a person move from the auditing department to the department being audited is fraught with danger. Given that situation, I'm confident I could have bypassed the controls as well. Perhaps you couldn't, but most intelligent people could. This only reason this doesn't happen more often is because most people lack any motivation to commit this type of fraud. Most business fraud is motivated by gambling or drug problems. In this particular case, the employee's job was to gamble, and he quickly developed a gambling problem. Could Société Générale have created more vigilant systems? Yes of course. They did not track canceled orders back to Risk Management. This was a blind spot in their system Kerviel exploited. The police say he still doesn't understand why they think he did something wrong as he was just trying to get back to a profitable position. This is the mentality of a person with a gambling problem. They no longer understand boundaries. . .