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George Soros Loses Appeal Over SocGen Insider Trading Conviction
Telegraph(UK) ^ | October 06, 2011

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 ...


TOPICS: Business/Economy; News/Current Events
KEYWORDS: insidertrading; occupywallstreet; oro; sogen; soros; sorosloserman

1 posted on 10/06/2011 10:30:44 PM PDT by Steelfish
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To: Steelfish

He probably finds 2.2m in his couch cushions every now and then. To him it’s probably just a cost of ‘doing business’...


2 posted on 10/06/2011 10:49:36 PM PDT by KoRn (Department of Homeland Security, Certified - "Right Wing Extremist")
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To: Steelfish

3 posted on 10/06/2011 10:49:55 PM PDT by Fido969
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To: Steelfish

Now, will he at long last be on his way to JAIL????


4 posted on 10/06/2011 11:16:02 PM PDT by Frank_2001
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To: Steelfish

When is he going to be arrested?


5 posted on 10/06/2011 11:37:04 PM PDT by freekitty (Give me back my conservative vote; then find me a real conservative to vote for)
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To: Steelfish
Mr Soros, now 81, still doing evil...Steve Jobs 56 deceased

Is it any wonder some people don't believe there is a god.

6 posted on 10/07/2011 12:05:02 AM PDT by lewislynn ( What does the global warming movement and the Fairtax movement have in commom? Misinformation)
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To: lewislynn

Maybe God has an iPlan.


7 posted on 10/07/2011 12:16:21 AM PDT by Gene Eric (Your Hope has been Redistributed. Here's your damn Change!)
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8 posted on 10/07/2011 12:22:32 AM PDT by STARWISE (The overlords are in place .. we are a nation under siege .. pray, go Galt & hunker down)
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To: AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; Convert from ECUSA; ...

Thanks Steelfish.
...has failed in his latest effort to have a 2002 conviction for insider trading in Societe Generale shares thrown out.

9 posted on 10/07/2011 3:00:02 AM PDT by SunkenCiv (It's never a bad time to FReep this link -- https://secure.freerepublic.com/donate/)
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To: Steelfish

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?


10 posted on 10/07/2011 7:58:26 AM PDT by Hotlanta Mike (TeaNami)
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