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Milestone

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  • Court Fines Bankers Over 5 Billion For Fraud

    Court Fines Bankers Over 5 Billion For Fraud

    Reykjavík District Court ordered former Milestone investment bankers to pay a 5.2 billion ISK  fine yesterday and sentenced them to prison for breach of trust, distorting financial statements and cooking the books, reports RÚV. Brothers Karl and Steingrímur Wernersson, who owned the…