market manipulation
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Supreme Court Confirms: Jailtime For Bankers
The Supreme Court has sentenced several key players in a market manipulation case within Landsbanki, confirming sentences handed down to the bankers by lower courts. RÚV reports that former bank manager of Landsbanki Sigurjón Þ. Árnason, along with former Landsbanki investment bankers…
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Kaupthing Bankers Acquitted Of Additional Charges
Reykjavík District Court has acquitted three Kaupthing bankers of additional charges added to the ones they are already convicted of committing. RÚV reports that the court ruled this morning to acquit former Kaupþing director Hreiðar Már Sigurðsson, former Kaupthing Chairperson of the…
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Seven Sentenced In Kaupthing Market Manipulation Case
Reykjavík District Court handed out prison sentences yesterday to several former Kaupthing bankers for engaging in market manipulation. Kjarninn reports that Former CEO Hreiðar Már Sigurðsson, former chairman of the board Sigurður Einarsson, former director of Kaupthing in Iceland Ingólfur Helgason, former…
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Who Knew Banking Was Really About Dead Cats?
The Reykjavik District Court is now one week into what has been dubbed the “large Kaupthing market manipulation case.” So far, the court heard the oral testimony of two traders, Pétur Kristinn Guðmarsson and Birnir Snær Björnsson, and their superior, head of…
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Prison Sentences For Five Former Glitnir Bankers
Reykjavík District Court yesterday sentenced five Glitnir bankers to four to five years in prison for market manipulation and fraud. DV reports that former Glitnir stockbroker Elmar Svavarsson, former Glitnir Director of Capital Markets Jóhannes Baldursson and former Glitnir Head of Private…