REYKJAVIK, Iceland --- While the number of cases against alleged corporate criminals fell to record-lows in the United States, Iceland is continuing to prosecute the bankers who caused the 2008 global financial crisis, with dozens already landing prison sentences. So far, Iceland has sentenced 26 bankers to a combined 74 years in prison. The
Iceland Has Sentenced 26 Bankers To Prison While US White Collar Prosecutions Hit Record Low
While the U.S. government famously bailed out the banks that created the 2008 financial crisis, the Icelandic government took them over and continues to prosecute the bankers who helped cause the collapse.