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JUSTICE - Iceland Has Hired An Ex-Cop To Hunt Down The Bankers That Wrecked It's Economy

Le Monde - How Iceland Stalks Its Banksters

Hauksson's job description:

"On one hand, we have to investigate all suspicion of fraud and offences committed before 2009, on the other hand, we bring the lawsuits against the suspects to court ourselves," Hauksson explains. This is a 'totally new' method which allows the investigators to "follow the case" and the judicial system to "know the cases like the back of their hand". This is indispensable in order "to compete with the well-prepared defence attorneys."

He will track you down even if you've fled abroad:

"Searches continue and the team pursues its investigations abroad in the foreign subsidiaries of the Icelandic banks and includes questioning foreigners.  We enjoy full international cooperation."

To ease the prosecutor's job, the government modified the laws on banking secrecy. "Today, we have access to all information with no objections possible," claims Olafur Hauksson. Suspected bank fraud, swindles, professional identity theft, misuse of funds, the types of investigations are wide-ranging and the three – soon to be four – interview rooms are never empty. The prosecutor says he is currently working on "a hundred priority cases".

Most of those targeted are former banking sector officials or were board members of banks before the crisis. These Icelanders have often opted to relocate abroad – to Luxembourg, for example – to further their careers. A dispersal that complicates the task of Hauksson's team.

To date, some convictions have been achieved. Two former officials of the Byr bank, the first to be brought to trial, are now serving prison sentences of four and a half years. The former chief of staff to the finance minister at the time of the crisis, Baldur Gudlaugsson, was sentenced to two years in jail for insider trading. More recently, Sigurdur Einarsson, former CEO of the Baupthing Bank was sentenced to reimburse the bank 500 million Icelandic kronur – 3.2 million euros – and had his assets frozen.

Others are awaiting their day in court. Jon Thorsteinn Oddleifsson, former head of treasury at the Landsbanki, should soon discover his fate, as should Làrus Welding chief executive of the Glitnir Bank.

Continue reading...


Excellent clip from From Charles Ferguson's Inside Job:

Based on this video evidence, former Fed President Frederic Mishkin should have been the first criminal targeted for prosecution.


In Iceland, the Prime Minister could go to prison:

Iceland's ex-PM faces charges: 'We didn't know the banks were fishy.'


From the Oscar-winning documentary Inside Job on Iceland...


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Reader Comments (22)

It didn't take the Iceman long to find the first one, an HBSC banker in London.

Jul 30, 2012 at 6:52 PM | Unregistered CommenterCheyenne
Introducing An Orange Jumpsuit: Mortgage Fraudster Sentenced To 30 Years In Prison

Jul 30, 2012 at 7:01 PM | Registered CommenterDailyBail
Emails Don't Lie, Just Ask The Fed Officials Who Hide Them: AIG's Disclosure Surprised, Displeased NY Fed


This is an interesting look back...
Jul 30, 2012 at 7:06 PM | Registered CommenterDailyBail
The banker's systematically looted the entire world

Special Report: How Spain dumped a bad bank on the little guy

Jul 30, 2012 at 8:20 PM | Unregistered CommenterLiberatedCitizen
Where can Americans find a group of men like that here? Any bounty hunters want to add bankers to their lists? I'm sure there are many,many Americans that would be willing to pay them for taking down the corrupt U.S. bankers.
Jul 30, 2012 at 8:26 PM | Unregistered CommenterKali
Sounds like a great idea for a Kickstarter project.
Jul 30, 2012 at 8:42 PM | Unregistered Commentercitizen
We owe Iceland a debt of gratitude...


Count me in.
Jul 30, 2012 at 8:54 PM | Unregistered Commenterjohn
This is no different than the so called war on drugs or war on terror. The small fish get a pittance of a jail sentence and even if their assets are "frozen", the real assets are hidden elsewhere. And the big fish continue with business as usual when in fact, they are the ones who have been gaming the entire system and all of the world. Rothschild and its Nazi subsidiaries are the only banking institution that should be dealt with. They are the terrorists to all of mankind. The peons are merely following the leader when it reality, the minnows get tiny crumbs left over by the megalodon (or international terrorists if you prefer) known as Rothschild.
Jul 30, 2012 at 10:18 PM | Unregistered CommenterWhat a wicked web we weave
the quirks and quidditys....Turn the tables on these people. They will soon learn that even for the Rothschild family, it will be a pyrric victory
Jul 31, 2012 at 12:09 AM | Unregistered Commenterhank
& once you arrested them. Give them a FAIR TRIAL & the hang them!
Jul 31, 2012 at 2:21 AM | Unregistered CommenterIt is I only
Great find, John.


"Whitey" Bulger taken down by ex-Miss Iceland
Jul 31, 2012 at 3:30 AM | Registered CommenterDailyBail
ABC 20/20 Video: Iceland's Financial Crisis In 6 Minutes


At the peak of Iceland's boom, Stefan Alfsson left his fishing boat and started trading commodities for an investment bank. "We could do more," he said. "I got a bigger house, bigger and more cars, better snowmobiles." Then a modern saga began to unfold -- that of a nation of fishermen who became millionaires, only to lose it all and return to the seas.
Jul 31, 2012 at 3:32 AM | Registered CommenterDailyBail
What's most disturbing is how people can be so easily led into giving up their decency and principles just to get at 'the enemy' - in this case, "bankers".

Lynch-mobs for bankers, fine, huh?

Paid take-downs - mentioned above, with enthusiasm.

Just because your target is unpopular is no reason to descend into a mob. But look at you?

Jul 31, 2012 at 9:47 AM | Unregistered Commenterlynchmob
This might get interesting.
Jul 31, 2012 at 11:07 AM | Unregistered CommenterS. Gompers
You're kidding ? Right ? anybody who as access to the internet can find these corrupt wannabee elitist in an instant. You should start by hunting down the BIS management team who managed Iceland's reserve bank, while your at it you might as well arrest or hang what ever comes first Baron David Rothschild who run's the BIS this would not only help Iceland but would also help the present European and American economic crisis.
Aug 3, 2012 at 4:59 PM | Unregistered CommenterSteven
Let us see if he reaches notariety of say ummmmm.....simon wisenthall for instance. Hehehe.
Aug 4, 2012 at 9:46 AM | Unregistered Commenterjeff
Iceland inflation slows, interest rises



The news follows a move by the central bank in Reykjavik last month that saw the benchmark rate lifted 0.25 per cent to 5.75 per cent as officials continue to guide the country’s economic recovery and look to stabilise the Icelandic krona. The central bank says it is looking to reduce inflation to 2.5 per cent.
An official statement released least month by the central bank said, “Raising interest rates in May and again now in June has withdrawn some of that accommodation, as is appropriate in view of the recovery of the real economy and the deteriorating inflation outlook. As the recovery continues and spare capacity disappears, it is necessary that the monetary policy slack should disappear as well,” Bloomberg reports.
Analysts say the krona continues to rise after an effort by the government in March closed a loophole that was enabling investors to bypass capital controls on speculating on the currency.
Aug 4, 2012 at 10:33 AM | Unregistered Commenterjohn
Ha, ha, ha, ha this news is a big joke Olafur Haukson was hired of the clan to protect them.
Aug 4, 2012 at 10:39 AM | Unregistered CommenterIcelander
While the Icelandic people were taking control of their finances they must have been concerned about a military threat.http://rt.com/politics/iceland-army-russian-jets/
Aug 4, 2012 at 4:20 PM | Unregistered CommenterSKINFLINT

Never forget that bankers greed from the World Trade Centre blood, and the lies and miselling of mortgages and manipulation of people, created this world financial crisis, this BBC video explains how it was done and shows some of the leading players. It goes onto say why the governments relaxed the regulations and then were forced to help the banks with our tax money, and how the bankers are spending our money today. It's all based on blood money and it's sickening. Some of the 1% don't deserve what they have. Please watch and get angry.
Sep 22, 2012 at 9:23 AM | Unregistered Commenter99PERCENTER
"Great find, John.


"Whitey" Bulger taken down by ex-Miss Iceland
Jul 31, 2012 at 3:30 AM | DailyBail"



Mar 4, 2013 at 6:04 PM | Unregistered Commenterjohn
Mar 14, 2013 at 7:44 PM | Unregistered Commenterjohn

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