Societe Generale's Fraudster Says He's a Scapegoat

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  ClintKorver05/23/08 Report as spam
  1

  Scapegoat is the wrong descriptor

  William,
  
  Good post. I think scapegoat is the wrong word. Scapegoat implies Mr. Kerviel is being punished for the errors of others. He is being investigated (and will likely be punished) for what he did. Societe Generale making it easy for him to act unethically is no excuse in my book. It does not lessen or excuse what he did in the least.
  
  The point I think he could make is that others in the bank were complicit--an ethically sensitive issue to be sure. In particular, if others new and looked the other way then, as you suggest, then the tone at top needs to be considered.

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  ptiseo05/27/08 Report as spam
  2

  RE: Societe Generale's Fraudster Says He's a Scapegoat

  I'm not sure I understand:
  - "insider" crook uses system to commit crime.
  - gets caught.
  - says The Man is complicit?
  
  How? Because he set off 75 alerts which were ignored. How many alerts are set off in total, and by individual? Is it reasonable to assume ignorance or malice on behalf of supervisors?
  
  Admittedly, I am not getting the full story from this short blog post, so answering those italicized questions is problematic.