Thread: Soros Fails To Quash Insider Trading Conviction

http://www.ft.com/intl/cms/s/0/063501c2 ... z1a3FJhUj3



Soros fails to quash insider trading conviction
By Sam Jones in London and Stanley Pignal in Brussels



George Soros, the billionaire hedge fund manager, has lost a case at the European Court of Human Rights to have his criminal conviction for insider dealing quashed.

The failed appeal at announced in a 4-3 decisionthe Strasbourg-based court is the latest twist in a nine-year battle by the 81-year-old Mr Soros to clear his name following his conviction in France in 2002.


The French criminal case hinged on trades that the Hungary-born investor had executed 14 years earlier in the stock of Société Générale that reaped his hedge fund, the Quantum Fund, $2.9m in profits.

Mr Soros was found by the 2002 court to have had inside knowledge about the intentions of a group of super-wealthy French investors – the “golden granddadsâ€

He didn't change his MO when he bought a citizenship to the U.S.