Iceland, Where Bad Bankers Go to Jail – Nine Found Guilty in Historic Supreme Court Ruling
October 9th, 2016
By Nadia Prupis
Since its 2008-2011 financial crisis, Iceland has received global recognition for its strategy of prosecuting executives, letting banks go bust, and focusing on social welfare. Now Iceland, which became a gold standard for corporate accountability in the wake of the crisis, has found nine bankers guilty for market manipulation in one of the biggest cases of its kind in the country’s history.
The verdict from Iceland’s Supreme Court, issued Thursday October 6th, overturns a June 2015 decision by the Reykjavik District Court, which found seven of the nine defendants guilty but acquitted two. Sentencing has yet to be handed down yet.
All nine defendants worked at the major international firm Kaupthing Bank until it was taken over by the Icelandic government during the crash. The bank’s former director Hreiðar Már Sigurðsson, who was sentenced to five and a half years in 2013 in a separate Kaupthing case, had his punishment extended by six months in response to the verdict. Acquittals were overturned for former Kaupthing credit representative Björk Þórarinsdóttir and former Kaupthing Luxembourg CEO Magnús Guðmundsson.
[FACEBOOK]: http://www.facebook.com/joinwakeupworld (An interactive community of over 3,000,000)
[PINTEREST]: http://pinterest.com/wakeupword/
[TWITTER]: http://twitter.com/joinwakeupworld
[YOUTUBE]: http://www.youtube.com/joinwakeupworld
[GOOGLE PLUS]: https://plus.google.com/112452105795129310867/posts
[WEBSITE]: http://wakeup-world.com
Anyone can join.
Anyone can contribute.
Anyone can become informed about their world.
"United We Stand" Click Here To Create Your Personal Citizen Journalist Account Today, Be Sure To Invite Your Friends.
Please Help Support BeforeitsNews by trying our Natural Health Products below!
Order by Phone at 888-809-8385 or online at https://mitocopper.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomic.com M - F 9am to 5pm EST
Order by Phone at 866-388-7003 or online at https://www.herbanomics.com M - F 9am to 5pm EST
Humic & Fulvic Trace Minerals Complex - Nature's most important supplement! Vivid Dreams again!
HNEX HydroNano EXtracellular Water - Improve immune system health and reduce inflammation.
Ultimate Clinical Potency Curcumin - Natural pain relief, reduce inflammation and so much more.
MitoCopper - Bioavailable Copper destroys pathogens and gives you more energy. (See Blood Video)
Oxy Powder - Natural Colon Cleanser! Cleans out toxic buildup with oxygen!
Nascent Iodine - Promotes detoxification, mental focus and thyroid health.
Smart Meter Cover - Reduces Smart Meter radiation by 96%! (See Video).