The Supreme Court Verdict in the Al-Thani case:
“The market manipulation is said meticulously planned, committed by a focused intent and unusually reckless and disregarded.”
The Supreme Court says that the breach of the defendants regarded enormous amounts and their conduct constituted serious breach of trust to the public at large and lead to catastrophic financial loss. Furthermore, the market manipulation directed “against the public and financial markets in the country as a whole and the damage that resulted directly and indirectly, can not be measured in money.”
- Sigurður Einarsson 4 years
- Hreiðar Már Sigurðsson 5 1/2 years
- Magnús Guðmundsson 4 1/2 years
- Ólafur Ólafsson 4 1/2 years