Soros Fined $2.2 Million for Insider Trading
From Associated Press
A French court convicted George Soros of insider trading in a 1980s stock deal and fined him $2.2 million. The American billionaire investor and philanthropist said he was “astounded and dismayed” by the ruling.
The fine was the amount Soros was accused of having made from buying stocks at French bank Societe Generale with insider knowledge 14 years ago.
Soros, the 72-year-old president of Soros Fund Management, said he would appeal “to the highest level necessary.”
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