Former Boss At Payday Studio Starbreeze Acquitted Over Insider Trading Charges

  • In 2018, Payday publisher Starbreeze's office was raided, with officials seizing documents and computers over suspicions of insider trading. Former chief financial officer Sebastian Ahlskog was convicted in 2020 for insider trading. Now, he has been acquitted of all charges.

    GI.biz reports that Ahlskog was acquitted back on June 11, and the prosecution had until September 7 to appeal--but it did not do that. Additionally, the report said Ahlskog no longer needs to pay money to the "crime victims fund" after it was originally reported he was fined SEK 40,000.

    "The Court of Appeal does not believe Ahlskog had insider information that Starbreeze would fail to find external funding as it faced insolvency. At the time he sold his shares, the company was still in discussions with banks and other parties," GI.biz reported.Continue Reading at GameSpot