Thursday, April 7, 2011

Former finance ministry manager in Iceland sentenced today to prison,for insider trading

Former manager of the Finance ministry,was today sentenced to 2 years in prison for insider trading.
Mr. Baldur Gunnlaugsson ,was the manager of the Finance ministry in 2008,and was in a committie that was investigating the banks,and therefore had access to insider information about the bank,that the public did not have.
Mr. Baldur sold his shares ( 192 million kronas) in Landsbanki in september 2008 ,just before the banking crash.

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