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More tales of highway robbery, courtesy of the usual suspects

June 10, 2010

Just when you think you’ve heard everything, along something new to scandalize. It has now been revealed that the previous owners of Apple in Iceland — Jón Ásgeir Jóhannesson and friends under the Baugur Group umbrella — cleaned out the “repair fund” of the company before it went bust in late 2008. By “repair fund” [...]

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How to move money, Icelandic mogul-style

January 4, 2010

Here’s one of those delightful little kreppa stories we just can’t get enough of. Icelandic investor Jón Þorsteinn Jónsson, who holds the legal status of a defendant in the investigation into the bank collapse, was stopped at Keflavík airport on 22 December with a bag full of money. He was en route to the UK [...]

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Glitnir’s Kiddiegate Affair

November 4, 2009

A few off-topic comments were written beneath the last post referring to the loans that Glitnir [bank] made to children. Most commenters expressed a mixture of outrage and indignation that a bank would make loans to minors and – not least – that the children’s parents would have applied for those loans on behalf of [...]

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The biggest bank robbery in Iceland’s history?

February 23, 2009

“Another day, another scandal,” someone wrote in the comments the other day – and ain’t it the truth. A day hardly passes around here with some dirty deed being dredged up from the cesspool that is Iceland’s economic collapse. Today’s scandal is brought to you by an establishment close to the Nicelandic heart – the [...]

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