No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Thursday, September 25, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Business

Former French President Sarkozy handed 5-year jail term in stunning downfall

by TheAdviserMagazine
11 hours ago
in Business
Reading Time: 3 mins read
A A
Former French President Sarkozy handed 5-year jail term in stunning downfall
Share on FacebookShare on TwitterShare on LInkedIn


Former French president Nicolas Sarkozy was sentenced to five years in jail on Thursday for criminal conspiracy over attempts to raise campaign funds from Libya and will soon become the first former president of France to serve time in prison.

The sentence was harsher than many expected and Sarkozy, who was president between 2007-2012, will spend time in jail even if he appeals the ruling – which he said he would do.

As he exited the courtroom, Sarkozy, visibly moved, expressed his anger at what he said was a “scandalous” ruling.”What happened today … is of extreme gravity in regard to the rule of law, and for the trust one can have in the justice system,” he told reporters.

“If they absolutely want me to sleep in jail, I will sleep in jail, but with my head held high,” he said, adding that he was innocent. “I will not apologise for something I didn’t do.”

Live Events

Sarkozy was found guilty of criminal conspiracy over efforts by close aides to procure funds for his 2007 presidential bid from Libya during the rule of late dictator Muammar Gaddafi.He was acquitted by the Paris court of all other charges, including corruption and receiving illegal campaign financing.

SARKOZY WILL GO TO JAIL

However, the prison sentence is enforceable immediately, with the judge saying Sarkozy would have just a short period to put his affairs in order before prosecutors call on him to head to jail. That should happen within a month.

Sarkozy, who has always denied the charges, was accused of making a deal with Gaddafi in 2005, when he was France’s interior minister, to obtain campaign financing in exchange for supporting the then-isolated Libyan government on the international stage.

The judge said there was no proof that Sarkozy made such a deal with Gaddafi, nor that money that was sent from Libya reached Sarkozy’s campaign coffers, even if the timing was “compatible” and the paths the money went through were “very opaque”.

But she said Sarkozy was guilty of criminal conspiracy for having let close aides get in touch with people in Libya to try and obtain campaign financing.

The 70-year-old has been on trial since January in a case he said was politically motivated.

The court found him guilty of criminal conspiracy between 2005 and 2007. After that he was president and covered by presidential immunity, the court added.

This was the second time this year that a French court handed down a ruling with immediate effect on a major political figure.

Far-right leader Marine Le Pen was convicted in March of embezzling EU funds and given an immediate five-year ban on running for office.

Le Pen was prompt to react to Sarkozy’s sentencing, saying it was “a grave danger” that judges were opting for immediately enforceable rulings and not waiting for appeals.

SARKOZY’S LEGAL WOES

Despite his legal battles, and having his Legion of Honour, France’s highest distinction, stripped in June, Sarkozy remains an influential figure on the French political stage.

He recently met with his former protege, Prime Minister Sebastien Lecornu, and has also lent credibility to Le Pen’s National Rally (RN), saying the far-right, anti-immigrant party now forms part of the “republican arc.”

Sarkozy has faced several legal battles since leaving office.

Last year, France’s highest court upheld his conviction for corruption and influence peddling, ordering him to wear an electronic tag for a year, a first for a former French head of state. The tag has now been removed.

Also last year, an appeals court confirmed a separate conviction for illegal campaign financing over his failed re-election bid in 2012. A final ruling from France’s highest court is expected on that case next month.

Vincent Brengarth, lawyer for economic justice campaign group Sherpa, which was party to the Libya trial, welcomed the ruling. “This confirms we have an independent justice system, that can be brave,” he said.

Add ET Logo as a Reliable and Trusted News Source



Source link

Tags: 5yeardownfallFrenchhandedjailpresidentSarkozystunningterm
ShareTweetShare
Previous Post

Europe Alternative Cathode Material Market: Emerging Technologies & Trends

Next Post

5 Worst States for Estate Taxes & Inheritance Planning |

Related Posts

edit post
 Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says

 Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says

by TheAdviserMagazine
September 25, 2025
0

President Donald Trump on Thursday afternoon signed an executive order clearing the way for a deal to put TikTok in...

edit post
Not a single place in the U.S. made the cut for top retirement destinations—but experts warn to weigh these 3 factors before moving abroad

Not a single place in the U.S. made the cut for top retirement destinations—but experts warn to weigh these 3 factors before moving abroad

by TheAdviserMagazine
September 25, 2025
0

Retirees are ditching the expensive United States in favor of  a more affordable, albeit slower life overseas. But before copping...

edit post
Crypto stock slips despite B AI deal with Google

Crypto stock slips despite $3B AI deal with Google

by TheAdviserMagazine
September 25, 2025
0

Cipher Mining (NASDAQ: CIFR) announced a landmark 10-year colocation agreement with AI cloud platform Fluidstack worth roughly $3 billion in...

edit post
US co Datavant buys medical insurtech co DigitalOwl

US co Datavant buys medical insurtech co DigitalOwl

by TheAdviserMagazine
September 25, 2025
0

DigitalOwl, which has developed technology for reading and analyzing medical information to support decisions by insurance companies and lawyers...

edit post
Global debt hits record of nearly 8 trillion, says IIF

Global debt hits record of nearly $338 trillion, says IIF

by TheAdviserMagazine
September 25, 2025
0

Global debt hit a record high of $337.7 trillion at the end of the second quarter, driven by easing global...

edit post
Single Gen Z are ‘throning’—and dating experts say it’s a quick-ticket to long-term success

Single Gen Z are ‘throning’—and dating experts say it’s a quick-ticket to long-term success

by TheAdviserMagazine
September 25, 2025
0

It’s no secret that knowing the right people can open doors. Now, Gen Zers are attempting to get a fast-track...

Next Post
edit post
5 Worst States for Estate Taxes & Inheritance Planning |

5 Worst States for Estate Taxes & Inheritance Planning |

edit post
Why Online Loans Are Becoming the Future of Personal Lending

Why Online Loans Are Becoming the Future of Personal Lending

  • Trending
  • Comments
  • Latest
edit post
What Happens If a Spouse Dies Without a Will in North Carolina?

What Happens If a Spouse Dies Without a Will in North Carolina?

September 14, 2025
edit post
California May Reimplement Mask Mandates

California May Reimplement Mask Mandates

September 5, 2025
edit post
Who Needs a Trust Instead of a Will in North Carolina?

Who Needs a Trust Instead of a Will in North Carolina?

September 1, 2025
edit post
Does a Will Need to Be Notarized in North Carolina?

Does a Will Need to Be Notarized in North Carolina?

September 8, 2025
edit post
DACA recipients no longer eligible for Marketplace health insurance and subsidies

DACA recipients no longer eligible for Marketplace health insurance and subsidies

September 11, 2025
edit post
Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a  cheesesteak every 58 seconds

Big Dave’s Cheesesteaks CEO grew up in ‘survival mode’ selling newspapers and bean pies—now his chain sells a $12 cheesesteak every 58 seconds

August 30, 2025
edit post
 Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says

 Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says

0
edit post
5 Worst States for Estate Taxes & Inheritance Planning |

5 Worst States for Estate Taxes & Inheritance Planning |

0
edit post
Enterprise Products Partners: An Undervalued High-Yield MLP For An Overpriced Market

Enterprise Products Partners: An Undervalued High-Yield MLP For An Overpriced Market

0
edit post
Creamy Tortellini Soup and Pumpkin Crescent Rolls ( Family Dinner Idea)

Creamy Tortellini Soup and Pumpkin Crescent Rolls ($10 Family Dinner Idea)

0
edit post
What’s in a Name: DevSkiller rebrands to SkillPanel as skills emerge as the true currency of work

What’s in a Name: DevSkiller rebrands to SkillPanel as skills emerge as the true currency of work

0
edit post
Europe Alternative Cathode Material Market: Emerging Technologies & Trends

Europe Alternative Cathode Material Market: Emerging Technologies & Trends

0
edit post
 Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says

 Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says

September 25, 2025
edit post
Creamy Tortellini Soup and Pumpkin Crescent Rolls ( Family Dinner Idea)

Creamy Tortellini Soup and Pumpkin Crescent Rolls ($10 Family Dinner Idea)

September 25, 2025
edit post
Costco (COST) reports higher Q4 sales and earnings; EPS beats estimates

Costco (COST) reports higher Q4 sales and earnings; EPS beats estimates

September 25, 2025
edit post
Deloitte, Wells Fargo FiNet study independent advisory growth

Deloitte, Wells Fargo FiNet study independent advisory growth

September 25, 2025
edit post
Enterprise Products Partners: An Undervalued High-Yield MLP For An Overpriced Market

Enterprise Products Partners: An Undervalued High-Yield MLP For An Overpriced Market

September 25, 2025
edit post
Solana RWAs Expand Beyond Institutions Via Chintai-Splyce Partnership

Solana RWAs Expand Beyond Institutions Via Chintai-Splyce Partnership

September 25, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  •  Trump’s billionaire backers will now ‘actually control’ Tiktok’s algorithm, JD Vance says
  • Creamy Tortellini Soup and Pumpkin Crescent Rolls ($10 Family Dinner Idea)
  • Costco (COST) reports higher Q4 sales and earnings; EPS beats estimates
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.