Guinness Share-Trading Fraud

Guinness Share-Trading Fraud

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Description

Please note that the content of this book primarily consists of articles available from Wikipedia or other free sources online. The Guinness share-trading fraud was a famous British business scandal of the 1980s. It involved an attempt to manipulate the stock market on a massive scale to inflate the price of Guinness shares and thereby assist a 2.7 billion take-over bid for the Scottish drinks company Distillers. The European Court of Human Rights in Strasbourg later found the trial violated the defendants' human rights by making use of statements obtained under duress. The scandal was discovered after testimony as part of a plea bargain by the US stock trader Ivan Boesky. Ernest Saunders, Gerald Ronson, Jack Lyons and Anthony Parnes, the so-called "Guinness four," were charged, paid heavy fines and, with the exception of Lyons, who was suffering from ill-health, served prison sentences later reduced on appeal.show more

Product details

  • Paperback | 60 pages
  • 152 x 229 x 4mm | 100g
  • Culp Press
  • United States
  • English
  • black & white illustrations
  • 613585142X
  • 9786135851427