Posted on 10/06/2011 10:30:40 PM PDT by Steelfish
George Soros Loses Appeal Over SocGen Insider Trading Conviction George Soros, the billionaire investor, has failed in his latest effort to have a 2002 conviction for insider trading in Societe Generale shares thrown out.
George Soros was fined the €2.2m (£1.9m) he had made from trading in the French bank's shares Photo: Reuters By Jonathan Sibun 06 Oct 2011
The European Court of Human Rights has ruled against Mr Soros in the latest blow to the investor in his nine-year battle to have the conviction overturned.
Mr Soros was found guilty of trading on insider information in the French bank but argued that trading regulations were ambiguous. In a statement released following the unsuccessful appeal, the Court said that while the law was not precisely worded, investors had a duty to be prudent.
The court said Mr Soros was a "famous institutional investor, well-known to the business community" and "could not have been unaware that his decision to invest in shares in [Societe Generale] entailed the risk that he might be committing the offence of insider trading."
Mr Soros, now 81, was fined the €2.2m (£1.9m) he had made from trading in the French bank's shares. However, while prosecutors filed criminal charges, France's stock market regulator opted not to pursue a case against the investor, arguing that insider trading laws were too vague.
(Excerpt) Read more at telegraph.co.uk ...
He probably finds 2.2m in his couch cushions every now and then. To him it’s probably just a cost of ‘doing business’...
Now, will he at long last be on his way to JAIL????
When is he going to be arrested?
Is it any wonder some people don't believe there is a god.
Maybe God has an iPlan.
...has failed in his latest effort to have a 2002 conviction for insider trading in Societe Generale shares thrown out.
Time to start tying Obama to the convicted insider trader...
Isn’t there an oustanding arrest warrant from Thailand for Soros for having destroyed the Thai currency leading to a change in the government several years back?
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