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Key Figure in Icelandair Insider Trading Scandal Convicted of Tax Fraud
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Kristján Georg Jósteinsson was sentenced to eight months last week for massive tax violations. It was proven that he had understated his income by 87 million krónur and thus avoided paying income tax and local taxes of 39 million. The verdict was handed down in the Reykjavík District Court a week ago but was published yesterday. In addition to the prison sentence, he was sentenced to pay a fine of 78 million krónur to the treasury. Previously co…
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