'Rogue Trader' Jerome Kerviel Is Getting Out Of Jail After Only 5 Months
Sep 5, 2014, 01:08 IST
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He will get out on September 8th and he'll have to wear an electronic bracelet.
In 2008, it was revealed that Kerviel lost the French bank approximately 4.9 billion euros ($6.9 billion) through arbitrage of equity derivatives.
He was sentenced in October 2010 to three years in prison and slapped with a fine of 4.9 billion euros, but had appealed for a new trial. The appeals court in Paris court rejected his appeal earlier this year around the time he was finishing a backpacking pilgrimage to visit the pope.