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CRIMINAL

Convicts choose prison over electronic tag

Every fourth convicted criminal offered the choice of prison or wearing an electronic tagging device in 2009 opted to go to jail, with the tag associated with stringent regulations and social isolation.

Convicts choose prison over electronic tag

“Aside from all the times and rules, many consider that they have a better social life in prison where they meet others. Outside the prison walls, they have an apartment but no social network to speak of,” said Lena Mellström-Bäckman at the probation board in Stockholm to the Metro newspaper.

A total of 5309 convicted criminals were offered sentenced tagging in 2009. Of the 3940 who elected for tagging several hundred later chose instead to go to prison after digesting the regulations associated with the penalty.

The electronic tag is a band that is attached to the ankle and enables the prisons service to monitor the prisoner if he strays too far from his designated apartment.

Swedish convicted criminals can be offered the alternative of an electronic tag, also known as “intensive surveillance with electronic control”, if they have been sentenced to less than six months, if they have already served a longer penalty, or if the prisoner is interred at Kolmården open prison to enable greater freedom.

In order to be granted the alternative the prisoner must have an ordered residence, telephone and at least a half-time employment or schooling.

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CRIMINAL

Bluff bid for Swedish firm sparks market turmoil

An erroneous press release published on Friday indicating that Swedish firm Fingerprint Cards had been acquired by Samsung led to a sharp rise in the firm's stock and a criminal investigation once the mistake had been discovered.

Bluff bid for Swedish firm sparks market turmoil

“An investigation has shown that the company followed its routines and was subjected to a deliberate fraud attempt,” business wire service Cision, the firm responsible for publishing the press release, said in a statement on Friday.

Fingerprint Cards, a Gothenburg-based biometric technology firm, issued a denial on its homepage on Friday that it had been acquired by the Korean electronics giant.

“The news in today’s media that Fingerprint Cards AB has been acquired by Samsung is incorrect… What has happened will be reported to the police and to the Swedish Financial Supervisory Authority,” the firm wrote.

The matter is now being handled by the Swedish Economic Crimes Authority (Ekobrottsmyndigheten) which has opened a preliminary investigation into aggravated fraud.

Trading in the company’s stock was halted as soon as the abnormal share fluctuations were detected on Friday morning and all trades completed between 10.17am and 10.34 have been nullified.

Fingerprint Cards’ stock has been one of the Stockholm exchange’s strongest performers since the turn of the year, having climbed over 320 percent since January 1st.

The latest Apple Iphone incorporates the firm’s fingerprint sensor.

All trades from 10.17am have also been nullified in sector colleague Precise Biometrics, which also climbed steeply on Friday.

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