Iceland Just Did The Exact Opposite Of What The U.S. Does — It Found Nine Banksters Guilty In Historic Case

‘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 Iceland Monitor.
The bankers were found guilty of crimes relating to deceitfully financing share purchases – essentially the bank lent money for the purchase of the shares while using its own shares as collateral for the loans.’
Read more: Iceland Just Did The Exact Opposite Of What The U.S. Does — It Found Nine Banksters Guilty In Historic Case