Iceland Just Jailed 7 Bank Executives for Market Manipulation

Authored or posted by | Updated on | Published on June 30, 2015 | 3 Replies
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The Young Turks - Iceland Bankers

Screenshot: youtube.com/watch?t=12&v=Wi0QPr0VDvs

(TrueActivist.com) Their sentences range from one to four years.

In one of the biggest cases of its kind, seven executives from the Kaupþing bank have been handed prison sentences for market manipulation today.

According to The icelandmonitor: “By fully financing share purchases with no other surety than the shares themselves, the bank was accused of giving a false and misleading impression of demand for Kaupþingi shares by means of deception and pretence.”

They were accused of trying to artificially inflate share prices in 2008 by using the bank’s funds to buy shares.

The Iceland Reveiew reported: The court case began in late April, and the hearings were the most wide-ranging and complex in Icelandic legal history. Over 50 witnesses were called, and testimony lasted for many weeks. They were quizzed on the nine defendants’ suspected illegal trade in their own bank’s shares in the lead up to its collapse. Charges laid by the Special Prosecutor claimed that the widespread illegal trade was carefully choreographed and highly deceptive.

By jailing these executives of Iceland’s failed Kaupthing Bank, the country showed the world how to deal with corrupt banks.

Iceland Does the Unimaginable to Its Criminal Bankers

This article was originally published at TrueActivist.com.

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Category: Banksters, Breaking or Interesting News/Info, Economy & Finance

Comments (3)

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  1. Tara says:

    Iceland is the RFID “push center” .
    I suggest this story is to give Iceland a progressive image (for NWO proposed use of RFID’s).
    The trueactivist site link use PEW findings and spin lies so I don’t trust it.

    Other things that don’t fit:
    Shares are artificially inflated.The few bankers ware accused of giving a false and misleading impression of demand for Kaupþingi shares.
    All shares are sold using misleading information.
    I would ask who these banksters sold these particular shares to, to increase the value of the bank or keep it “solvent’.
    Is the bank they worked at Kaupþing bank one of the banking cabals or is it a smaller one that they want.

    Because we complained the banking cabal never gets jailed for crimes they say they sent a couple to club fed for a few months/year for selling shares and Iceland looks like a pillar of social values.

  2. Tara says:

    http://icelandreview.com/news/2015/05/20/deutsche-bank-puts-exec-leave-over-kaupthing-links

    Banking is fraud, inflating stocks( even of insolvent banks) is done daily.
    Why a couple of banksters in Iceland and not the higher up “doousche” banksters who engineered it.

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