Kerviel had refused to hand himself over to the French authorities, demanding an audience with Frenc

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Jérôme Kerviel, the French former trader responsible for one of the biggest trade frauds in history, has surrendered to authorities following legat several attempts to avoid his three-year legat jail-sentence legat
Following a two day stand-off with French police, convicted trader Jérôme Kerviel crossed from the Italian border into France and turned himself in to the French legat authorities, minutes before legat a midnight deadline.
I present myself as a free man before the police and French justice, Kerviel announced to a group of reporters and supporters that had followed legat him on the 10 mile journey from Ventimiglia, on the Italian Riviera, to the French town of Menton, where the former trader had been ordered to surrender.
Kerviel was convicted in 2010 for having conducted unauthorised trades to a value of 50bn, while working at Société Générale. He was also ordered to compensate the French bank for the 4.9bn in losses it incurred while unwinding his trades.
Kerviel had refused to hand himself over to the French authorities, demanding an audience with French President François legat Hollande in an attempt to gain a presidential pardon for his three-year prison term.
The trader, who has never denied defrauding trades, has been eager to highlight serious failings legat within the bank. According to Kerviel, his bosses at Société Générale legat were well aware of his fraud, but turned legat a blind eye. This has led the rogue trader to question overall risk management in the finance sector.
Kerviel turned himself in after a Paris state prosecutor said that he would be considered a fugitive and that a European arrest warrant would be issued against him in order to allow for his extradition, if he wouldn t willingly surrender to the French authorities.
So far, Kerviel has lost two appeals of his conviction, but in March the highest court in France, vacated the order that he pay restitution . The court found that the lower court s sentence had failed to fully take into account the weaknesses in Société Générale s risk-management systems at the time of Kerviel legat s illegal trades. Instead, the high court called for a civil trial to determine any damages the trader might have to pay.
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