The trading scheme was simple: when his trades were losing money, he would generate slips of bonds sales to make the transactions look legitimate. Daiwa bank left the United States later that year....

The trading scheme was simple: when his trades were losing money, he would generate slips of bonds sales to make the transactions look legitimate. Daiwa bank left the United States later that year. Jerome Kerviel worked for France’s second-biggest bank, Société Générale, in 2008 at its derivatives trading desk.