Iceland Sends Four Bank Bosses To The Slammer

The onetime CEO of Iceland’s Kaupthing bank, one Hreidar Mar Sigurdsson, is going to jail for five and a half years for his part in his firm’s downfall – which also helped his country’s economy bottom out in 2008. He’ll be in good company.

Three other former high-level Kaupthing execs, including ousted board chairman Sigurdur Einarsson, will join Sigurdsson for shorter stints in prison for aiding in the coverup of a sham deal with a Qatari financier that sank the firm late that year.

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More refreshing news from the role-model nation. Although 5 years is rather mild, Iceland once again leads the way.


About lightsigns
Pointing my finger on the brighter spots. We win, and winning is fun.

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