Here are some excerpts from the Kerviel revelations to the police. The article is in French. Bellow is my speedy translation as the article is long and my English is not that great. http://www.lemonde.fr/economie/arti...erome-kerviel_1005363_3234.html#ens_id=975400 "I started at SocGen in august 2000 in Middle-Office operations, ..., I left this position during the second semester of 2002. They asked me then to become an assistant trader ... During the second smester of 2004, I was assigned to be assistnant to a desk(...). As, I was in the same raw as the traders' offices, I started to be more and more interested in trading activity (...). Beginning of 2005, I joined trading on the desk. (...) I was on that position until last week. Sunday January 20th, (...) the trading manager asked me not to ever come back. When I joined SocGen, my salary was 35000 euros gross, without bonuses. For 2004, I received in 2005 15000 euros bonus. For 2006, I received in 2007 60000 euros. For 2007, as of today they still did not tell me the size of my bonus. I have to precise that my interview at the end of 2007 went very well and they were just not in agreement with the size of my bonus. I was asking for 600 000 euros and they were offering me 300 000 euros. To this day I did not receive anything for 2007. As for my base salary it has been regularly on the increase to reach 48000 euros gross. I don't deny the facts against me. I admit having input fictive operations, I admit the cancellation of fictive operations; concerning taking a non authorized position in futures, however, I'm a little less affirmative. My duties were clear: they consist in market-making in non volatile instruments: certificates(?), futures, ... There is no precise limit written signed by my hands. (...) Before anything, I have in mind making money for my bank. It is my prime motivation. (...) It was about making money for the bank only, and in no case to enrich myself. What is arguable, and I agree, is the means developed in order to reach that. My first experience in this was in 2005, I have then initiated a position in Allianz shares, by betting the market wa going to fell. Little time later, the market tanked following the terrorist attacks in London, and it was the jackpot 500 000 euros. This happened little after starting as a trader at SocGen. I had already the idea of a deal to cover my position. I had a mitigated attitude because I was proud of the result and surprised at the same time. That generates the will to continue, there is a snowball effect. (...) End July 2007, The market crashed under the subprime woes and markets went south. (...) My result jumped: 500 million euros, and I found my self in the same situation as lastly, and this time to the upside, and did not declare this result which does not appear in SocGen books. I mask with a fictive operation(...). It is true that I was intimidated by this amount of 500 millions and mainly not knowing how to announce it (...). In December 31st 2007, I did not have a "break" and my "mattress" (mattress: reserves) were at 1.4 billion euros, not declared to the bank. At this stage, I was overwhelmed by the event and did not know how to present to the bank, this represents a cash of 1.4 billion undeclared. No one has ever achieved this result which represents 50% of the total result of the division of equity indexes at SocGen. I did not know how to deal with that, I was glad, proud of myself, but did not know how to justify that. Thus, I decided not to declare it to the bank and to cover it by a fictive inverse operation. (...). For the bank, as I was not supposed to have made that money, I declared only 55 Million of profit. (...) I therefore, gave false data on these operations, mainly false emails. I have fabricated a false email by reusing the head of an authentic email and changing the content. (...). Beginning og July 2007, I was "killed" by the satisfaction of this success and the astronomical size of the amount I have to announce knowing that these results were generated by false operations. Beginning of 2008, I was long cause the market has significantly evolved (changed) and I see the market coming back in the next three months, and I still believe that in the next three months the market will go up. So, I went long, without any hesitation(...). Friday 18th, in the day, I was positive despite the strong volatility of the market, it not until the close of the session of the 18th that I was negative. I was thinking that I'll see the evolution of the market when I come back Monday, and (was) bet(int) on the rise of the American market on Tuesday. What I could not envision was that Monday I won't be any longer a trader at SocGen. (...) The techniques I used later were not sophisticated at all, in my opinion, any control, correctly done, would have discovered these operations. There was no machiavelism on my part. It is obvious that I would not have had such results without this system(...), My hierarchy, would have asked me to cut my positions because of their size. I had no illusions, I knew that I will have less bonus than in other desks (companies), and I was not going to be payed in line with the standards of the market, but that did not alter my motivation a bit. I have understood (figured out), during my first interview in 2005, that I was less regarded than the others because of my college education, professional and personal backgrounds. I was not hired directly for the front-office, but went through the middle-office, and I was the only one in this case. But I was not living that badly I assure you. THERE ARE TWO PAGES MORE TO COME IF I HAVE SOME TIME TO TRANSLATE THEM. MomoNY.