Former Payday Boss Convicted of Insider Trading [UPDATED]

By Alistair Jones on at

The former CFO of Payday developer Starbreeze has been convicted of insider trading. According to GamesIndustry.biz, Sebastian Ahlskog sold shares in the company ahead of a period of financial difficulty in November 2018.

The Swedish Crime Agency brought charges against Ahlskog in September 2019, following the closure of a preliminary case in the wake of raids of Starbreeze's offices in late 2018. Following his conviction, Ahlskog was fined 40,000 SEK (around £3,000). The Swedish Economic Crime Authority seized an additional 700,000 SEK (£55,396) during the investigation.

The publisher's former CEO, Bo Andersson Klint, was also under investigation, but has been cleared of all charges. After Starbreeze entered financial difficulty thanks to poor sales of Overkill's The Walking Dead, Klint stepped down from the company. In attempts to restructure, Starbreeze has made clear that its continued focus in the near future will be its successful Payday franchise.

A previous version of this article named Bo Andersson Klint, not Sebastian Ahlskog, as the manager convicted in this case.