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twitterFinancier convicted of insider trading in 1980s
Friday, Dec. 20, 2002 | 9:59 a.m.
PARIS -- A French court convicted financier 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 Friday's ruling.
The fine by the court was in line with the request by prosecutors -- the same amount the Hungarian-born magnate 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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