Trond Kristoffersen is a former Norwegian businessman and convicted fraudster. Together with Torgeir Stensrud

Torgeir Stensrud

Torgeir Stensrud is a Norwegian former leader of Interallied Confederation of Reserve Officers, military officer and chairman of Finance Credit who was sentenced to 7 years in prison.-References:...

, he was the founder of the Finance Credit

Finance Credit

Finance Credit was a Norwegian company that went bankrupt in 2002, after facing criminal investigation for siphoning funds it borrowed from six Norwegian banks to offshore tax havens, in what became known as the Finance Credit scandal, arguably the biggest economic fraud in Norwegian history...

 company, which later went bankrupt in what became known as the Finance Credit scandal. In 2003, he was convicted of fraud

Fraud

In criminal law, a fraud is an intentional deception made for personal gain or to damage another individual; the related adjective is fraudulent. The specific legal definition varies by legal jurisdiction. Fraud is a crime, and also a civil law violation...

 and sentenced to 9 years in prison

Prison

A prison is a place in which people are physically confined and, usually, deprived of a range of personal freedoms. Imprisonment or incarceration is a legal penalty that may be imposed by the state for the commission of a crime...

. He was also fined 1,2 billion NOK

NOK

NOK or Nok may refer to:*Kiel Canal *Norwegian krone, NOK is the ISO 4217 code and is used as an abbreviation for the currency.*NYSE stock ticker for Nokia Corporation, based in Finland...

 (ca. €100 million), and subsequently went personally bankrupt. He was also barred from engaging in any independent form of trade, as well as from holding senior or board positions in any companies, for life.

He has been incarcerated in Ullersmo prison

Ullersmo prison

Ullersmo Prison is a prison in Ullensaker, Akershus. It was opened in 1970. The prison was intended as a replacement for the Botsfengselet in Oslo. It is used for long term prisoners from the whole of Norway, and has room for 205 inmates. The prison contains a sick ward, mechanic and carpentry...

 since 2007, after the Supreme Court rejected his appeal, and is currently serving his 9-year prison

Prison

A prison is a place in which people are physically confined and, usually, deprived of a range of personal freedoms. Imprisonment or incarceration is a legal penalty that may be imposed by the state for the commission of a crime...

sentence.