German Banker Convicted For Subprime Manipulation

14 Jul 2010

A German banker has been convicted of misleading the market about the subprime mortgage crisis even though his bank, IKB, was about to collapse from its investments in the loans.

A German banker has been convicted of misleading the market about the subprime mortgage crisis even though his bank, IKB, was about to collapse from its investments in the loans. Stefan Ortseifen, the first German to be convicted in connection with the crisis, received a 10-month suspended sentence ...

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