Johan Carlström in Fingerprint Cards is convicted of insider trading.

Johan Carlstrom in Fingerprint Cards is convicted of insider trading

The district court has taken into account that a long time has passed between the crimes and the verdict, according to a press release.

When the trial ended in May, chamber prosecutor Jonas Myrdal demanded Johan Carlström’s four years in prison.

It is a question of systematic crime for private gain, said Jonas Myrdal in his closing speech in Stockholm District Court, according to Dagens Juridik.

But the prosecutor also pointed out that Carlström could receive a shorter sentence, given that the legal process has been so protracted.

Stock trading with Fingerprint paper, which the indictment is about, was made during the years 2012–2014. The prosecutor claims that the transactions were based on internal information, which was not known to the public.

Johan Carlström was at that time CEO of Fingerprint Cards, a biometrics company that was a rocket on the stock market.

The indictment came in 2015. The trial was then postponed several times, before it could be held this spring.

Johan Carlström claims that he is innocent, and even made a loss on the designated deals.

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