Posted On: 06/28/2015 10:06:38 PM
Post# of 4611
It's a start. I wonder if the Yanks / Brits will do the same?????
Their sentences range from one to four years.
In one of the biggest cases of its kind, seven executives from the Kaupþing bank have been handed prison sentences for market manipulation today.
According to The icelandmonitor: “By fully financing share purchases with no other surety than the shares themselves, the bank was accused of giving a false and misleading impression of demand for Kaupþingi shares by means of deception and pretence.”
They were accused of trying to artificially inflate share prices in 2008 by using the bank’s funds to buy shares.
http://www.trueactivist.com/iceland-just-jail...ipulation/
Their sentences range from one to four years.
In one of the biggest cases of its kind, seven executives from the Kaupþing bank have been handed prison sentences for market manipulation today.
According to The icelandmonitor: “By fully financing share purchases with no other surety than the shares themselves, the bank was accused of giving a false and misleading impression of demand for Kaupþingi shares by means of deception and pretence.”
They were accused of trying to artificially inflate share prices in 2008 by using the bank’s funds to buy shares.
http://www.trueactivist.com/iceland-just-jail...ipulation/
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