Anders Jensen, founder and former CEO of Scandinavian producer-distribber Scanbox, was sentenced to two years in prison — 18 months suspended — for fraud by Copenhagen’s City Court on Tuesday.
He was found guilty of stripping assets from six companies, which he bought in 1993 for $9.8 million with a loan from Scanbox coffers. His accountant Michael Ankjaer-Jensen was given six months.
The court ruled that Jensen had no intention of paying the companies’ $1.3 million tax debts.
Jensen is no longer connected to Scanbox, which was sold to Germany’s VCL Film & Medien in October.