French court finds Soros guilty of insider trading

 

A Paris court has found US billionaire George Soros guilty of using inside information to make money on shares in bank Societe Generale and fined him €2.2 million.

Soros: 'The Man Who Broke the Pound'

Soros' lawyers had argued the case was too old to judge. Soros is best known as "The Man Who Broke the Pound" for betting against sterling in 1992 until London pulled out of the European currency grid that prefigured the European single currency.