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tax fraud

Money

Eight Convicted in Seven-Year Tax Fraud Case

Eight people—six men and two women—were this afternoon convicted in one of Iceland’s biggest tax fraud investigations of recent times. The defendants were each sentenced to three-month to four-year suspended prison sentences.

gavel as used in courts

Large Tax Fraud Conviction Handed Down

Friðjón Björgvin Gunnarsson, CEO of several Icelandic companies, has been sentenced to two-and-a-half years’ imprisonment for breaking tax law, bookkeeping law, and for money laundering.

Secret Solstice

Who is the Fake Man?

Icelandic media are abuzz today about “the fake foreign man” who was among the biggest debtors of the failed old Icelandic banks before the 2008 crash. The name does not refer to a specific individual; it is actually a collective term for a number of unknown overseas legal entities.

Construction.

Contractors Suspected of Human Trafficking

Foreign workers of a contracting firm under investigation for massive tax fraud, sought help at the Embassy of Poland in Reykjavík last Friday after electricity had been cut off from the building in which they resided.

Will Crooks in Construction be Nailed?

The Directorate of Internal Revenue (DIR) believes organized tax fraud related to the construction industry amounted to ISK two billion (USD 15.4 million, EUR 13.6 million) last year.