Tag: Prison

Berlusconi Tax Fraud Prison Sentence Confirmed

The former Italian Prime Minister, Silvio Berlusconi, has his prison sentence for tax fraud confirmed by the country’s top court.  The billionaire tycoon was told that his four-year sentence will was upheld, making it the first ever definitive conviction, in up to 30 court cases. However, three of the years […]

Prison, $7 billion fine for French rogue trader

Paris appeals court sends Societe Generale trader to prison, orders him to pay back $7 billion A former junior trader for France’s second-largest bank who was ordered Wednesday to pay back a staggering €4.9 billion (about $7 billion) in damages to his ex-employer is painting himself as the victim of […]