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The poorest man in the world: On hearing the word ‘poor’, the image of a hut, torn clothes and empty plate emerges in the mind. But do you know that the poorest person in the world is the one who once used to play with crores of rupees. This is the story of Jerome Kervil of France, which is in debt of about Rs 495000 crore today.
You must have seen the list of names of the most money in the world, you will remember the names of many … but the name of this person is at the bottom. This is the person who is called the world’s most loans and poorest person. Poverty is not always in empty pockets, sometimes a person immersed in debt is also called poorest and Jerome Kervil is the biggest example of this.
Who is Jerome Kerviel? How did he become a pauper immersed in debt from a millionaire banker?
Jerome Kerviel was born on 11 January 1977 in Pont-L’Ebe, a small town in France. His family was simple. His mother was a barber and his father worked as a blacksmith. In studies, good Jerome received a postgraduate degree in Finance from Lyon’s Lumier University and then served directly in France’s third largest bank, Society General.
He worked as a junior derivatives trader in a bank. But his understanding of technology and trading skills was so strong that soon he started doing crores of transactions. He worked in the bank’s Delta One Division, which is related to stock trading, algorithms and investment.
Jerome had a great knowledge of computer programming and trading systems, and misused this knowledge.
The person who once traded crores is now called the poorest person in the world. Jerome started arbitration trading by taking advantage of the weaknesses of the bank’s internal system. During this time, he did billions of dollars traded by the company’s money. Initially he made a huge profit. He also did a business of about $ 73 billion in a year.
Initially, the bank did not even get a glimpse of it as Jerome was hiding every irregularity with the help of technology. But in 2008, when the bank suspected and investigated, its big scam came to light on 19 January 2008. This revelation shook the bank.
The bank loss of $ 7.2 billion, a loan of Rs 495,000 crore on Jerome. After investigating the scam, it was found that the bank suffered a loss of over 7.2 billion $ 795,000 crore due to Jerome’s wrong trading. This amount has now become a loan on his head, due to which he has become the poorest person in the world.
Following the incident, he was sentenced to a three -year prison in 2015. The court found him guilty of betrayal, fraud and unauthorized computer use. He has completed his punishment, but the loan is still on him.
What are Jerome doing now?
After being released from prison, Jerome Bude is trying to live a normal life, but he has a loan of billions of rupees, which makes him the poorest person in the world. Many people say that they did not do this intentionally, while some believe that they got greed and played with the system. But the biggest truth is that a person who once used to manage crores of rupees at the trading desk of banks, is becoming the poorest person in the world today.
North India Statesman