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.

Read the whole article

Get 14 days free access.
No credit card required.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

ETF specialist hires Nordic director

The US-based provider of exchange-traded products is strengthening its Nordic sales team with Amundi's former Head of ETF and Indexing in the Nordics.

Further reading

Related articles

Latest news

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch