Jerome Kerviel the former Societe General rouge trader who accrued nearly €5 billion, or $7.7 billion has been released from jail after just over one month. He is still under investigation and surely will be going back to jail for a long time, but he will probably be bringing some friends with him.

So far the prosecution believes Kerviel worked alone, but many think this is impossible due to significance of the fraud. They say he began creating fictitious trades in 2006 and early 2007 that were relatively small, but got a little power hungry and the trades increased drastically. He eventually made illegal trades totaling $63.5 billion!

Some have described him as a computer genius while others have said he was nothing special. He was a smart guy though. He had a salary of about $90,000 in 2006 and earned a bonus $76,000 and in 2007 he was expected to get bonuses of at least $381,000.

To cover up his early gains Kerviel created fictitious trades that actually showed losses to cover up the massive gains. Obviously this is bad for the company because it is illegal, but many traders say their bosses will look the other way…