Submitted by IWB, on October 8th, 2016
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