ICELAND JUST DID THE EXACT OPPOSITE OF WHAT
IT FOUND NINE BAD BANKERS GUILTY
IN HISTORIC CASE
Reykjavik, Iceland – On Thursday, Iceland’s
Supreme Court found nine bankers guilty of market
manipulation, affirming the conviction of the seven
defendants found in a June 2015 decision by the
Reykjavik District Court, and handing down a
guilty verdict to two defendants previously acquitted in district court.
The Supreme Court decision found that “[b]y fully
financing share purchases with no other surety than
the shares themselves, the bankers were accused of
giving a false and misleading impression of demand
for Kaupthing shares by means of deception and
pretense,” according to the I