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Sweden launches criminal probe of Pirate Bay sale |
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Source: CNET - Posted by Anthony Pell
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Sweden's Economic Crimes Bureau has begun an investigation into some of the events surrounding the planned acquisition of The Pirate Bay by Global Gaming Factor X.
Swedish newspaper SvD reported Saturday that authorities are looking for possible insider trading after Global Gaming's stock rose sharply a week before Global Gaming announced plans to acquire The Pirate Bay--the best known BitTorrent tracker in the world, which was used by millions to pirate films.
Trading of Global Gaming shares was halted by AktieTorget, a Swedish exchange, on Friday after officials there requested proof that Global Gaming had enough money to complete the sale. Global Gaming has yet to produce the required documentation. Until officials get the proof they need, they said they won't allow the stock to be traded again. The investigation and Friday's halt of trading were unrelated, SvD reported.
Read this full article at CNET
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