Three months jail time for massive financial fraud in Iceland?

The former chief executive of Landsbanki of Iceland was sentenced to prison on Wednesday, the third of the top executives of the country’s three largest banks that the government has successfully prosecuted and jailed for misconduct during the financial crisis.  Sigurjon Arnason was ordered jailed for a year at a hearing at the Reykjavik District Court on Wednesday, but nine months of his sentence were suspended and will be served as probation.

via Ex-Chief of Iceland Bank Sentenced to Jail for Role in 2008 Crisis – NYTimes.com.

About mkevane

Economist at Santa Clara University and Director of Friends of African Village Libraries.
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