2014-11-21zerohedge.com

``In receiving a one year prison sentence, Sigurjon Arnason officially became the first bank executive to be convicted of manipulating the bank's stock price and deceiving investors, creditors and the authorities between Sept. 29 and Oct. 3, 2008, as the bank's fortunes unwound, crashing the economy with it.  Landsbanki was one of three banks that had tallied nearly $75 billion in debt before the final curtain was drawn.... "This sentence is a big surprise to me as I did not nothing wrong," Arnason was quoted as saying in a Reuters article after he learned of his punishment. ''



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