George Soros dealt a deserved blow in Europe
0 Comments Published by Avi Green on Saturday, October 08, 2011 at 10:03 AM.
His illegal insider trading in France was wrong, and the courts there right to convict him over it. It's still being upheld (Hat tip: Big Journalism):
PARIS—The European Court of Human Rights ruled Thursday that French courts didn't breach European law when they convicted billionaire investor George Soros for insider trading in the late 1980s.Sure he didn't benefit. He's nothing more than a socialist profiteer, and deserves whatever he gets in this matter.
In a blow to Mr. Soros's two decade-long legal battle to clear his name, judges at the European court said that French law on insider trading was sufficiently clear to provide grounds for a conviction. [...]
The case dates back to 1988 when Mr. Soros invested in French bank Société Générale and sold his shares soon after for a profit. Mr. Soros has long said that he didn't benefit from insider knowledge when he bought the shares in the bank and argued that French rules on insider trading at the time were too vague for him to be found guilty of any crime.
Labels: Europe, France, Moonbattery
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