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/ 2 February 2008

France’s fragile fraudster

Jerome Kerviel, an introverted young city trader, lived on a tree-lined street in Neuilly-­­sur-Seine, a wealthy Paris suburb. Its yuppies live by Nicolas Sarkozy’s mantra "work more to earn more". So when a handsome, well-dressed but solitary young banker rose at dawn every day for work and returned late at night to his one-bedroom flat, neighbours thought his dedication was to be encouraged.