Lýður Guðmundsson, Chairman of Exista
Lýður was fined 2 million ISK by the District Court of Reykjavik for his involvement in the illegal increase in share capitalisation of Exista by 50 billion ISK.[177][178][179] The Special Prosecutor appealed to the Supreme Court of Iceland which sentenced him to 8 months in prison. Out of the 8 months, 5 are suspended for 2 years.