Former Starbreeze exec's insider trading conviction quashed on appeal
Home Featured Former Starbreeze exec’s insider trading conviction quashed on appeal

Former Starbreeze exec’s insider trading conviction quashed on appeal

by arun809097
0 comment 21 views

Sebastian Ahlskog is the former chief financial officer of Starbreeze, the Swedish studio probably best-known for the Payday series, and in February 2020 was convicted of insider trading: a conviction that has now been quashed on appeal (as reported by GamesIndustry.biz).

The original conviction came after an investigation into Ahlskog selling his shares in Starbreeze in November 2018. This was one month after he’d left the company, and at a time when it was in dire financial straits and about to begin a major corporate re-structure, which was publicly announced in December 2018. Ahlskog sold his shares for SEK 700,000 (roughly £60,000 or $81,000), and one can see why the Swedish Economic Crime Authority found the timings rather suspicious.

Related Posts

Leave a Comment

SUBSCRIBE FOR FREE XBOX GAME PASS

Subscribe to our weekly newsletter & Get chance to win free Xbox Game Pass and never miss the latest product or our exclusive offers.