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Additional co-winners of the 2009 Ig Nobel economics prize have been convicted

Two more of the many co-winners of the 2009 Ig Nobel economics prize have achieved special recognition from the Icelandic government: they have been pronounced guilty in legal proceedings.

BACKGROUND: The 2009 Ig Nobel Prize for economics was awarded to the directors, executives, and auditors of four Icelandic banks — Kaupthing Bank, Landsbanki, Glitnir Bank, and Central Bank of Iceland — for demonstrating that tiny banks can be rapidly transformed into huge banks, and vice versa — and for demonstrating that similar things can be done to an entire national economy. (REFERENCE: Report of the Special Investigation Commission, issued April 12, 2010.)

Last year, 2015, 26 co-winners of the 2009 Ig Nobel economics prize were sentenced to prison.

Now, in October 2016, the Icelandic Monitor reports:

Iceland’s Supreme Court has return a guilty verdict for all nine defendants in the Kaupþing market manipulation case, the court trial for which began in April 2015.

Back in June last year, the Reykjavik District Court found seven of the nine defendants guilty, acquitting two…. The Supreme Court has now overturned the acquittals, finding Björk Þórarinsdóttir (credit representative at Kaupþing) and Magnús Guðmundsson (former CEO of Kaupthing Luxembourg) also guilty alongside the other seven.

The Icelandic Monitor published these photos of the lucky winners:

(Thanks to Beccanalia for bringing this to our attention.)


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