History of Guinness share-trading fraud in Timeline
The Guinness share-trading fraud centered on artificially inflating Guinness's share price to facilitate its takeover of Distillers in the 1980s. Key figures, dubbed the "Guinness Four" - Ernest Saunders, Gerald Ronson, Jack Lyons, and Anthony Parnes - were convicted of criminal offenses related to the manipulation. The Serious Fraud Office brought the case based on testimony from Ivan Boesky. Convictions resulted in fines and, for most, prison sentences.
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