Tuesday, October 11, 2016

Iceland Jail Top Bankers For 46 Years, Europe ‘Outraged’

Submitted by IWB, on October 8th, 2016

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Iceland has found nine top bankers guilty and sentenced them to decades in jail for crimes related to the 2008 economic crash.
On Thursday Iceland’s Supreme Court returned a guilty verdict for all nine defendants in the Kaupthing market manipulation case, after a long running court trial which began in April last year.
Kaupthing was a big international bank headquartered in Reykjavik, Iceland. It expanded internationally for years, but collapsed in 2008 under huge debts, crippling the small nation’s economy.g