Meet Jérôme Kerviel, the man who singlehandedly lost France’s second largest bank 4.9 billion euros — the largest bank fraud in history.

OK, he shouldn’t have done what he did, but at least he didn’t profit from it. As far as I’m concerned, this “genius of fraud” is worth more out of prison than inside.

With his intelligence and capacities he must be worth his weight in gold, and should be hired by all banks to find the weak spots in their security systems.

And when he’s done with that he should immediately be hired by the French state to ditch the holes that are responsible for the loss of billions of taxpayers’ euros through inefficient governance.

He must also be one of the first people who got his own Wikipedia entry within a few hours.

Related links:
He lost his bank £3.7bn. So was it his fault the markets crashed? (Guardian)
Incredulity as bank fraud unfurls (BBC)
Chairman already faces laundering charges (Times)
History repeats itself (Times Comment)
‘Invisible man’ rogue trader in £3.7billion bank fraud prepares to give himself up (Daily Mail)
French bank in firing line over rogue trader scandal (AFP)
Trust us, say French bankers (Times Blog)