New jail sentences in second step of Swedish pension scandal trial

Two men involved the Falcon Funds scandal have been dealt new prison sentences by the Stockholm District Court after 40 days of trial. The scandal has prompted major reforms of the Swedish Premium Pension System.

Chief Prosecutor Jerker Asplund at Swedish Economic Crime Authority. | Photo: PR/Ekobrottsmyndigheten

It's known in Sweden as the biggest (domestic) financial crime scandal ever and has resulted in major overhauls in the Premium Pension System (PPM) over the last four years. On March 3 verdicts were given for the second part of the Falcon Funds trial.

The recent verdict concerns the second trial, which focused on events taking place on Malta between 2015 and 2016. The first trial covering events in Sweden between 2013-2015 concluded a year ago, and three of the four men prosecuted were handed lengthy prison sentences. One of the culprits, Max Serwin, was also prosecuted in the subsequent trial as well.

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