FT covered the nature of the actual crimes in another article[1]. TD;DR -- Fraud to underwrite loans. Interestingly, cult comic Doug Stanhope[0] has a pretty l

FT covered the nature of the actual crimes in another article[1]. TD;DR -- Fraud to underwrite loans. Interestingly, cult comic Doug Stanhope[0] has a pretty large European following and was invited by the former mayor of Reykjavik (also a comic) to essentially hang out. On a podcast, he recounts the tales of him and his long-term life-partner Bingo going to their jails[2]. It's quite a fascinating take as to how humane the jails are, and the liberties given to the convicts. (Sharp bread knives were held by the incarcerated to prepare dinner only tethered by a wire similar to the wires banks use to keep their pens from theft; Bingo said it felt "more like a college dorm than a prison".) [0] Probably the most poignant alcoholic of our generation, offering insightful, often scathing, critiques on the failings of modern society, while vaguely masking his idealism in the levity of fist fuck jokes. After some sets, one is sat scratching your head - simultaneously sore from the physical pain of excessive laughter and mental pain as you're left ruminating on concepts Kierkegaard himself would categorize as 'angst' [1] http://www.ft.com/cms/s/0/6a79df88-1a62-11e5-a130-2e7db721f996.html http://www.ft.com/cms/s/0/6a79df88-1a62-11e5-a130-2e7db721f9... [2] https://www.youtube.com/watch?v=_0s8M6ZTmL8 https://www.youtube.com/watch?v=_0s8M6ZTmL8