Iceland Has Hired An Ex-Cop To Hunt Down The Bankers That Wrecked Its Economy [View all]

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[font sizee=3]Iceland Has Hired An Ex-Cop To Hunt Down The Bankers That Wrecked Its Economy[/font]

Business Insider | Rob Wile | Jul. 12, 2012, 2:07 PM


[font color=gray]Adam Taylor / Business Insider[/font]

If you were involved in Icelandic high finance in the runup to the recession, you might want to start watching your back.

That's because the government has appointed a white collar crime bounty hunter who wants to haul your behind in (alive, to be sure).

LeMonde reporter Charlotte Chabas has a profile of Ólafur Þór Hauksson, a former local police lieutenant whom the Iceland government appointed to track down individuals likely to have helped sink the country's banking sector during the credit crunch.

Hauksson's job description, according to PressEurop's translation of the piece:

"On one hand, we have to investigate all suspicion of fraud and offences committed before 2009, on the other hand, we bring the lawsuits against the suspects to court ourselves," Hauksson explains. This is a 'totally new' method which allows the investigators to "follow the case" and the judicial system to "know the cases like the back of their hand". This is indispensable in order "to compete with the well-prepared defence attorneys".

MORE

- Well, here's to hoping that this ''put the criminal banksters in jail'' idea goes viral. Around the globe.......


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