Kaupthing Ex-CEO, Chairman Sentenced to Prison by Iceland Court

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The former chairman and chief executive officer of failed Kaupthing Bank hf were both sentenced to prison.

Hreidar Mar Sigurdsson, the former CEO, received a 5 1/2-year sentence and Sigurdur Einarsson, the ex-chairman, was handed 5 years, said Bergthora Benediktsdottir, a secretary at the District Court of Reykjavik, today by telephone.