French Court Upholds Soros Conviction
- Share via
Billionaire investor George Soros failed to erase the only legal blemish on a long financial career when a French appeals court upheld his 3-year-old conviction for insider trading.
The Paris Court of Appeal maintained the guilty verdict and the $2.9-million fine handed down by a lower court -- the same amount that Soros made buying and selling Societe Generale shares in 1988 after receiving information about a planned corporate raid on the bank.
Attorneys for Soros, who did not attend the final hearing, immediately announced that the Hungarian-born businessman planned to appeal to France’s supreme court.
More to Read
Sign up for Essential California
The most important California stories and recommendations in your inbox every morning.
You may occasionally receive promotional content from the Los Angeles Times.
