Human Rights Court Rejects Soros’ Insider-Trade Appeal
- Posted on March 27, 2012 at 9:10pm by
Becket Adams
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The European Court of Human Rights has rejected billionaire currency speculator George Soros’ challenge to his 2002 insider-trading conviction. In fact, the Grand Chamber refused to even review whether France had “violated his rights,” Bloomberg reports.
“The court declined to hear Soros’s appeal it said in a statement today, without providing any reasoning,” Bloomberg’s Heather Smith writes.
“Soros, 81, was convicted by Paris courts in 2002 for using inside information about Societe Generale SA (GLE) in his trading. He argued that French market regulations weren’t clear enough to hold him responsible.”
Apparently, Soros’ “I didn’t know any better” defense was met with skepticism.
As “a famous institutional investor, well-known to the business community and a participant in major financial projects,” Soros should have been “particularly prudent” to ensure that he was acting within insider-trading laws, the court said in its October decision.
“In the French case, Soros was ordered to repay 2.2 million euros ($2.93 million) he’d made from the share purchase and subsequent sale after judges found he’d acted with the knowledge that the bank might be a takeover target,” Smith writes.
“The fine was reduced after a 2007 decision by France’s supreme court to about 940,000 euros.”
Soros’ legal team remains defiant in the face of the recent setback.
“Mr. Soros continues to maintain that he did not engage in improper trading,” his lawyer, Ron Soffer, said today, adding that the Grand Chamber’s refusal is “regrettable” considering the fact that three of the judges in the lower chamber wrote a “strong” dissent.
And here’s something interesting to note: the criminal charges were filed by French prosecutors as opposed stock market regulators. The regulators say they didn’t go after Soros because “insider-trading laws [are] too vague to determine whether he’d broken them.”
“The conviction is so old it has been expunged pursuant to French law,” Soffer said.
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Comments (41)
Anne G
Posted on March 29, 2012 at 5:39amAnd then you have Martha Stewart being carted off to jail for a paltry amount in comparison to what soros profited. France sucks
Report Post »fande3rls
Posted on March 28, 2012 at 5:26pmOK , So when is this economic Terrorist going to be sent to prison and his wealth taken from him and given back to the Victims ?
Report Post »Arshloch
Posted on March 28, 2012 at 3:43pmThe devil with ‘repayment’. Jail this creature for the rest of his life and save the world from idiocy.
Report Post »mike_trivisonno
Posted on March 28, 2012 at 5:19pmLuckily for Americans, the goals and strategies of George Soros differ wildly from the goals and strategies of the US Military. He has already lost but he still does’t know it.
Report Post »RestoreCapitalism
Posted on March 28, 2012 at 12:19pmHe belongs in jail, for economic terrorism in the U.S. But since he is the puppetmaster who controls the president, it’s not likely to happen.
Report Post »piper60
Posted on March 28, 2012 at 9:26amSound like he got caught with his hands in the cookie jar, the whined when they caught him. Poor Soros.
Report Post »Beachbaby
Posted on March 28, 2012 at 9:22amThis slobbering old man needs a nursing home. Can you imagine giving a sloppy old woman the time like they worship soros? GROSS
Report Post »Mil Mom
Posted on March 29, 2012 at 2:03am@Beachbaby
Posted on March 28, 2012 at 9:22am
This slobbering old man needs a nursing home. Can you imagine giving a sloppy old woman the time like they worship soros? GROSS
Report Post »***
3 Words Francis Scott Piven
SamIamTwo
Posted on March 28, 2012 at 9:05amDefiant…I doubt it since they settled for a lesser amount. Pretending to be defiant is a technique learned in nego workshop 101…toss the pencils and whine…in private laugh all the way to the bank.
Report Post »lynnissmart
Posted on March 28, 2012 at 8:29amThe face of Satan cannot fool…..everything he’s done to harm others, will come back to him…..only he will suffer thrice the pain!
Report Post »PIGSWILLNEVERFLY
Posted on March 28, 2012 at 9:03amDarrel Issa where are you??? I have long wondered why there are no hearings on this monsters ties to the corrupt organizations in America. I can’t imagine anything much more important than getting all of Soros ties out in the open. Although committee hearing seem to accomplish nothing but hot air maybe a miracle could happen if Issa atleast tried.
Report Post »jackbauer
Posted on March 28, 2012 at 8:21amI thought George said he was god or a god. How come a god wouldn’t know what the law said. After all one would think a god was all knowing. The real God may someday punch the time card of those trying to play god and totally ruin their day. I‘m afraid that ignorance won’t work in front of that judge!
Report Post »georgepatton
Posted on March 28, 2012 at 4:01amThe biggest turd I ever saw,may he spend eternity in hell!
Report Post »blackyb
Posted on March 28, 2012 at 3:20amSoros has enough money to buy some countries from the way it is written on blogs, etc. They could not legally place a fine on him large enough to hurt him. It may be chump change to him. They can only charge the maximum by law, it would seem.
Report Post »Walkabout
Posted on March 28, 2012 at 12:17amSoros was supposedly convicted by a Russian court of insider trading. I can‘t find a ’reliable’ website that has that news.
After making a certain amount of money Soros is no smart than many traders around the world. When he had a few million or a few hundred million he was pretty sharp. with billions he does not know how to make it grow except thru statism, favoritism, crony capitalism or insider trading.
Maybe know one knows how to legally grow or protect that much capital.
Anyway, time throw Soros in prison.
Report Post »Snowleopard {gallery of cat folks}
Posted on March 27, 2012 at 11:54pmI wonder if events are finally catching up with old Spooky Dude; his time on earth may soon end.
Report Post »ginger100
Posted on March 28, 2012 at 12:22amNaaah, he’ll just transfer into a younger body and keep on raising hell
Report Post »ginger100
Posted on March 28, 2012 at 12:26ampleased to meet you, hope you guest my name
Report Post »ginger100
Posted on March 28, 2012 at 12:31amguessed
Report Post »SamIamTwo
Posted on March 28, 2012 at 9:06amHe has groomed his son for the take over…it will not end.
Report Post »Mil Mom
Posted on March 29, 2012 at 2:08am@Snowleopard {gallery of cat folks}
Posted on March 27, 2012 at 11:54pm
I wonder if events are finally catching up with old Spooky Dude; his time on earth may soon end
Report Post »***
Or, he’ll end up spending time in the bottomless pit, say about 1000 years and then be turned loose after Christ’s millennial reign is ended. (If so, he’s probably going to get his time to reign on earth for 7 years first.)
SHOWMESTATEGUY
Posted on March 27, 2012 at 11:22pmIf there is one reason the Jews of America should not vote for Obama then Soros would be that reason.
He has already escorted some of your people to the trains, why let him do it again? He’s only doing it for a few pieces of silver anyway.
Soros is a Jew that loves screwing Jews.
Report Post »lukerw
Posted on March 27, 2012 at 11:35pmHe is trying to Kill his Guilt… by killing Jews… and the Americans who freed them from Death Camps!
Report Post »casseopea42
Posted on March 27, 2012 at 11:47pmAwww come on everyone…Soros is just a kindly old grandfather type who just wants to help everyone with his …. oh I can’t continue … might get hit by lightning.
Report Post »Anamah
Posted on March 28, 2012 at 2:54amHe likes to remember that time of his life when working as Nazi partner, robing Jewish properties from their owners before they were shipped to the camps, as the most fun and enjoyable period of his life. Indeed is really a shame having him here having so many networks and sponsors as the brain and heart of Democratic think-tank, so destructive and hypocrite as always. Now he wants to kill free speech, he wants to silence Glenn Beck , Rush Limbaugh, Fox Channel, his employee and other . Media Matters is a net of antisemitism and anti capitalism willing to destroy freedom, America and Israel. Very toxic individual behind his societies facades.
Report Post »The-Monk
Posted on March 27, 2012 at 11:16pm“The conviction is so old it has been expunged pursuant to French law”
Expect Obama and Holder to slip this into US law for themselves so if they are ever convicted for treason and avoid jail for a certain amount of time their records are expunged.
Report Post »Ghandi was a Republican
Posted on March 27, 2012 at 10:41pmPut this criminal in prison and throw away the key. he is a disease..
Report Post »EndTheFedNOW
Posted on March 27, 2012 at 10:34pmLol, you people think that the eliet play by the same rules we do? HAHA No. Dont worry, the NWO has a plan for you. The republicans and dems work together to further the military industerial complex. So does the main stream media. We should have listened to Eisenhower. If this country does not wake up, our future will be, the hunger games. Just like the movie. Art imiates life. Not the other way around. Truth is always stranger than fiction. There is a group of eliet that have taken over control of the world thru derivatives. The bankers want a world government. There is a vast conspicary that the American people need to know about. Wake Up.
Report Post »abbygirl1994
Posted on March 27, 2012 at 10:26pmBeing that George Soros is probably the father of all lies.. makes him right up there with Lucifer! We certainly know all about his scruples.. thank you Glenn!
Report Post »South Philly Boy
Posted on March 27, 2012 at 10:14pmGeorge SoreAss needs to go to JAIL
Report Post »CatB
Posted on March 27, 2012 at 10:20pmHe needs to go to He ll … and soon. Evil is as evil does and this man is EVIL!
Report Post »Moozmom
Posted on March 27, 2012 at 10:09pmI’ll tell you, the treatment of Soros (and anyone supporting his anti-American ideology):should be:
Report Post »Try for Treason
Ship him and others practicing treason out of this country. Treat them as we would any other terrorist, Bill Ayers and Dorn etc. fall into this category.
scout n ambush
Posted on March 27, 2012 at 9:44pm“If i had a father he would look like george soros” BarrackObama
Report Post »db321
Posted on March 27, 2012 at 9:57pmScott – I think I just heard everyone at the Supreme Court break out in laughter!
Report Post »USAMEDIC3008
Posted on March 27, 2012 at 10:42pmAnd if I had a pile of $#!T it would look like both of them
Report Post »scout n ambush
Posted on March 27, 2012 at 11:08pmtreyvon protetors ransack store walgreens in dade county story (yep knew that was coming) at ncrenegade they also have some video highlights from glenns unelectable tour
Report Post »barber2
Posted on March 27, 2012 at 9:43pmNo one crosses the Evil Wizard of Oz , our New World Puppet-Master.
Report Post »COFemale
Posted on March 27, 2012 at 9:41pmApparently, Soros’ “I didn’t know any better” defense was met with skepticism.
Report Post »Wow this seems to be a common theme with Communist. Play the victim. Fry baby, Fry.
drago
Posted on March 27, 2012 at 9:16pmMaybe they will hang this bastard……
Report Post »Sirfoldallot
Posted on March 27, 2012 at 9:16pmThe Troll leader, he is the top 1% a z z h o l e s
Report Post »