The rogue has been freed.
A French court has released Société Générale’s rogue trader Jérôme Kerviel late Thursday, allowing him to serve out his remaining three-year sentence with an electronic monitoring bracelet.
The former trader was convicted over $66 billion in unauthorized trades while working at Société Générale. His trades brought the French bank to the brink of collapse in early 2008.
France’s top court sentenced Kerviel, 37, to a three-year prison term and overturned an order to pay $6.37 billion in damages imposed on the former trader that matched the bank’s losses.