Bloomberg Law
May 26, 2023, 4:37 PM

French Investor Fined €5.32 Million Over Market Manipulation

Gaspard Sebag
Gaspard Sebag
Bloomberg News

A French investor, Thierry Boutin, was convicted by a Paris criminal court of market manipulation and was given a penalty totaling €5.32 million ($5.7 million).

Boutin was sentenced on Thursday to two years in prison for having given false information regarding Dolphin Integration, France’s financial prosecution office PNF said in an e-mailed statement released Friday.

Boutin didn’t attend the verdict and an arrest warrant was issued against him, according to the statement.

The court fined Boutin €2.66 million and ordered the confiscation of a further €2.66 million from a brokerage account in the UK.

Boutin’s lawyer didn’t immediately respond ...

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