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Torgeir Stensrud
Finance Credit was a Norwegian company that went bankrupt in 2002, after facing criminal investigation for siphoning funds (in total 1,4 billion Norwegian krone, NOK) it borrowed from six Norwegian banks to offshore tax havens, in what became known as the Finance Credit scandal, arguably the biggest economic fraud in Norwegian history. The company was founded by #Torgeir Stensrud, Torgeir Stensrud and #Trond Kristoffersen, Trond Kristoffersen, who were in 2005 convicted on charges of fraud to 7 and 9 years in prison, respectively. Stensrud and Kristoffersen were also both fined about 100 million €. Trond Kristoffersen ''Trond Kristoffersen'' (13 August 1956 – August 2013) was co-founder of the Finance Credit. He was born in Hammerfest. In 2003, he was convicted of fraud and sentenced to 9 years in prison. He was also fined 1,2 billion Norwegian krone, NOK (ca. €100 million), and subsequently went personally bankrupt. He was also barred from engaging in any independent form of ...
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Norwegian Krone
The krone (, abbreviation: kr (also NKr for distinction); code: NOK), plural ''kroner'', is currency of the Kingdom of Norway (including Svalbard). Traditionally known as the Norwegian crown in English. It is nominally subdivided into 100 '' øre'', although the last coins denominated in øre were withdrawn in 2012. The krone was the thirteenth-most-traded currency in the world by value in April 2010, down three positions from 2007. The Norwegian krone is also informally accepted in many shops in Sweden and Finland that are close to the Norwegian border, and also in some shops in the Danish ferry ports of Hirtshals and Frederikshavn. Norwegians spent 14.1 billion NOK on border shopping in 2015 compared to 10.5 billion NOK spent in 2010. Border shopping is a fairly common practice amongst Norwegians, though it is seldom done on impulse. Money is spent mainly on food articles, alcohol, and tobacco, in that order, usually in bulk or large quantities. This is due to consid ...
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Torgeir Stensrud
Finance Credit was a Norwegian company that went bankrupt in 2002, after facing criminal investigation for siphoning funds (in total 1,4 billion Norwegian krone, NOK) it borrowed from six Norwegian banks to offshore tax havens, in what became known as the Finance Credit scandal, arguably the biggest economic fraud in Norwegian history. The company was founded by #Torgeir Stensrud, Torgeir Stensrud and #Trond Kristoffersen, Trond Kristoffersen, who were in 2005 convicted on charges of fraud to 7 and 9 years in prison, respectively. Stensrud and Kristoffersen were also both fined about 100 million €. Trond Kristoffersen ''Trond Kristoffersen'' (13 August 1956 – August 2013) was co-founder of the Finance Credit. He was born in Hammerfest. In 2003, he was convicted of fraud and sentenced to 9 years in prison. He was also fined 1,2 billion Norwegian krone, NOK (ca. €100 million), and subsequently went personally bankrupt. He was also barred from engaging in any independent form of ...
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Trond Kristoffersen
Finance Credit was a Norwegian company that went bankrupt in 2002, after facing criminal investigation for siphoning funds (in total 1,4 billion NOK) it borrowed from six Norwegian banks to offshore tax havens, in what became known as the Finance Credit scandal, arguably the biggest economic fraud in Norwegian history. The company was founded by Torgeir Stensrud and Trond Kristoffersen, who were in 2005 convicted on charges of fraud to 7 and 9 years in prison, respectively. Stensrud and Kristoffersen were also both fined about 100 million €. Trond Kristoffersen ''Trond Kristoffersen'' (13 August 1956 – August 2013) was co-founder of the Finance Credit. He was born in Hammerfest. In 2003, he was convicted of fraud and sentenced to 9 years in prison. He was also fined 1,2 billion NOK (ca. €100 million), and subsequently went personally bankrupt. He was also barred from engaging in any independent form of trade, as well as from holding senior or board positions in any companie ...
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Fraud
In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. Fraud can violate civil law (e.g., a fraud victim may sue the fraud perpetrator to avoid the fraud or recover monetary compensation) or criminal law (e.g., a fraud perpetrator may be prosecuted and imprisoned by governmental authorities), or it may cause no loss of money, property, or legal right but still be an element of another civil or criminal wrong. The purpose of fraud may be monetary gain or other benefits, for example by obtaining a passport, travel document, or driver's license, or mortgage fraud, where the perpetrator may attempt to qualify for a mortgage by way of false statements. Internal fraud, also known as "insider fraud", is fraud committed or attempted by someone within an organisation such as an employee. A hoax is a distinct concept that involves deliberate deception without the intention of gain or of materially damaging or depriving a v ...
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Hammerfest
Hammerfest (; sme, Hámmerfeasta ) is a municipality in Troms og Finnmark county, Norway. Hammerfest is the northernmost town in the world with more than 10,000 inhabitants. The administrative centre of the municipality is the town of Hammerfest. Some of the main villages in the municipality include Rypefjord, Kvalsund, Forsøl, Hønsebybotn, Akkarfjord i Kvaløya, Akkarfjord i Sørøya, and Kårhamn. The municipality is the 19th largest by area out of the 356 municipalities in Norway. Hammerfest is the 102nd most populous municipality in Norway with a population of 11,274. The municipality's population density is and its population has increased by 3% over the previous 10-year period. The municipality encompasses parts of three large islands: Kvaløya, Sørøya, and Seiland. Other small islands such as Håja, Lille Kamøya and Kamøya are also located here. Most parts of the municipality do not have a road connection with the rest of Norway; only Kvaløya island ...
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Prison
A prison, also known as a jail, gaol (dated, standard English, Australian, and historically in Canada), penitentiary (American English and Canadian English), detention center (or detention centre outside the US), correction center, correctional facility, lock-up, hoosegow or remand center, is a facility in which inmates (or prisoners) are confined against their will and usually denied a variety of freedoms under the authority of the state as punishment for various crimes. Prisons are most commonly used within a criminal justice system: people charged with crimes may be imprisoned until their trial; those pleading or being found guilty of crimes at trial may be sentenced to a specified period of imprisonment. In simplest terms, a prison can also be described as a building in which people are legally held as a punishment for a crime they have committed. Prisons can also be used as a tool of political repression by authoritarian regimes. Their perceived opponents may b ...
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Ullersmo Prison
Ullersmo Prison ( no, Ullersmo fengsel) is a prison in Ullensaker, Akershus. It was opened in 1970. The prison was intended as a replacement for the Botsfengselet in Oslo. It is used for long term prisoners from the whole of Norway Norway, officially the Kingdom of Norway, is a Nordic country in Northern Europe, the mainland territory of which comprises the western and northernmost portion of the Scandinavian Peninsula. The remote Arctic island of Jan Mayen and t ..., and has room for 205 inmates. The prison contains a sick ward, mechanic and carpentry workshops as well as a school. Governors *Knut Eigum (1989-1999) *Ellen C. Bjercke (1999-2010) *Tom A. Enger (2010-2014) References External links Official website in Norwegian
{{coord, 60.0705, 11.1420, type:building:NO-30, display=title
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Interallied Confederation Of Reserve Officers
The Confédération Interalliée des Officiers de Réserve (CIOR) or Interallied Confederation of Reserve Officers is an association of reserve officers' associations in NATO and beyond. CIOR is sanctioned and formally recognized by NATO through the document MC 0248/2 to assist and advise on reserve affairs, however, it is politically independent. The confederation promotes and organizes advanced training measures, international seminars and working meetings for reserve officers. Founded in 1948 CIOR now has 34 participating countries and thus represents 1 million reservists. It is the world’s largest military reserve officer organization. Even before the Second World War there were contacts between the reserve officers' associations of Belgium, France, and the Netherlands. These connections were revived in 1946 after the end of the war. On November 20, 1948, they led to the first congress and the formal establishment of the “Conféderation Interalliée des Officiers de Réserv ...
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Defunct Companies Of Norway
Defunct (no longer in use or active) may refer to: * ''Defunct'' (video game), 2014 * Zombie process or defunct process, in Unix-like operating systems See also * * :Former entities * End-of-life product * Obsolescence Obsolescence is the state of being which occurs when an object, service, or practice is no longer maintained or required even though it may still be in good working order. It usually happens when something that is more efficient or less risky r ...
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Companies Disestablished In 2002
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial pers ...
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