Cherry CEO in Jail Amid Investigation

This story was published more than 2 years ago.

The CEO of Swedish betting firm Cherry AB is in jail after Sweden's Economic Crime Authority held him on suspicion of insider trading.

Company CEO Anders Holmgren is in jail after the EBM secured an arrest order as the agency investigates the allegations. Holmgren is accused of severe insider trading, as he moved shares before a positive fiscal report for the company. Holmgren took the reigns as CEO last year and has overseen various acquisitions by the firm.

If found guilty, Holmgren could face anywhere between six months and six years in prison. Cherry has installed Gunnar Lind as Acting CEO for the time being.

Casino Listings News will update this story as more developments arise.

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About the author

Dustin Jermalowicz // News Editor
Dustin Jermalowicz
Dustin has a long-standing passion for gambling. He has been writing professionally on the subject and breaking industry news for Casino Listings since 2011. His favorite casino games include Blackjack, Poker, and Hi/Lo. A proud native of Detroit, Dustin currently lives in Michigan.
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bgsharpe
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Location: Sofia, Bulgaria
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30 May 2018 - 1:38pm
#1

As a CEO you should be the most responsible person in the organisation but seems like not in this case, no doubt it would influence the company and it's name too, not only the consequences Holmgren will have to face.

krcoolsongss
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31 May 2018 - 5:18pm
#2

Cherry Casino is a reliable casino for players, but the management seem not to be honest.
And one thing is that this kind of illegal or cunning actions can result in the casino operation in the long run, from my thinking.