Budapest Post

Cum Deo pro Patria et Libertate
Budapest, Europe and world news

Former French President Nicolas Sarkozy guilty of illegal campaign financing, receives 1-year sentence

Former French President Nicolas Sarkozy guilty of illegal campaign financing, receives 1-year sentence

Former French President Nicolas Sarkozy was sentenced on Thursday to one year in prison for illegal campaign financing in his failed 2012 re-election bid, making him the first French head of state in modern times to receive two jail terms.

Former French President Nicolas Sarkozy (center) arrives at a hearing for the "Bygmalion case," in Paris in June.

It is unlikely that Sarkozy will serve his sentence behind bars: The judge said he could serve the sentence by wearing an electronic bracelet at home. All 13 co-defendants have been found guilty.

"Nicolas Sarkozy knew the spending limit," the judge said. "He knew he shouldn't exceed it."

Speaking outside of the courtroom on Thursday, Sarkozy's lawyer Thierry Herzog told French media that he would be launching an appeal.

This is the second criminal case involving Sarkozy. In March he was handed a three-year prison sentence, two of which were suspended, for corruption and influence peddling. The 66-year-old has appealed the March conviction.

First started in March 2014, the criminal investigation into what has been dubbed the "Bygmalion case," discovered that Sarkozy's campaign spent more than $54 million during the campaign by using fake invoices, way above the limit of $24 million set by French electoral laws.

Sarkozy fought a lengthy legal battle trying to prevent the trial from happening but his appeal was rejected in late 2018 and the trial opened on May 20, 2021, after having been delayed for two months due to a key defendant's lawyer being hospitalized for Covid-19.

The legal ceiling for campaign funds was a well-known fact within Sarkozy's campaign team. On March 7, 2012, they received their first memo from their accountants warning them of the quickly expanding campaign cost, urging them to "correct the trajectory," said Guillaume Lambert, Sarkozy's 2012 campaign manager, in an interview with France 2 television earlier this year.

Lambert said he told Sarkozy about the memo and indicated to him the necessity to cut campaign spending, while Sarkozy maintained that he had no knowledge of the overspending.

Sarkozy's legal woes are not over yet as French prosecutors are looking into alleged illegal campaign funding from Libya. Libya's former leader, the late Moammar Gadhafi, allegedly provided Sarkozy's 2007 campaign with millions of euros shipped to Paris in suitcases.

AI Disclaimer: An advanced artificial intelligence (AI) system generated the content of this page on its own. This innovative technology conducts extensive research from a variety of reliable sources, performs rigorous fact-checking and verification, cleans up and balances biased or manipulated content, and presents a minimal factual summary that is just enough yet essential for you to function as an informed and educated citizen. Please keep in mind, however, that this system is an evolving technology, and as a result, the article may contain accidental inaccuracies or errors. We urge you to help us improve our site by reporting any inaccuracies you find using the "Contact Us" link at the bottom of this page. Your helpful feedback helps us improve our system and deliver more precise content. When you find an article of interest here, please look for the full and extensive coverage of this topic in traditional news sources, as they are written by professional journalists that we try to support, not replace. We appreciate your understanding and assistance.
Newsletter

Related Articles

0:00
0:00
Close
Ukraine's Ousted Defence Minister Calls for Wartime Presidential Election
Thieves Steal Antonello da Messina Renaissance Masterpieces From Sicilian Museum
Google Launches Pixel 11 With Gemini AI at the Center of Its Hardware Strategy
Russia’s A7 Builds a State-Linked Payments Network Beyond Western Sanctions
AI’s Next Bottleneck Is Power, Not Just Nvidia Chips
Meta Raises AI Spending Target to as Much as $145bn Despite Pressure Over Returns
Danube Drought Exposes Nazi Wrecks and Pushes Central Europe’s Power System to the Brink
Joe Biden’s Cancer Has Spread Beyond His Bones, Hunter Biden Says
Why 2027 Could Be a Strong Year for Stocks—and Why the Forecast Is Fragile
Why Markets May Look Quiet in August After Big Tech Earnings
UK Drought Cuts Harvests and Raises Food-Security Fears
UFO: Pentagon Releases Video of Unidentified Object Tracked Over Middle East
Ukraine Tells Senate Republicans Its Drone War Offers a Blueprint for America
Weight-Loss Drug Boom Tests the Limits of Prescription Advertising Rules
Senate Scrutinises AI-Driven Personalised Pricing
Spain Seeks Mainland Transfers for 1,100 Children Stranded in Ceuta
Spain and Morocco Trade Blame After 72,000 Migrants Enter Ceuta
AI Is Remaking the US Economy, From GDP Growth to iPhone Prices
Europe’s Heat and Drought Are Now Disrupting Power, Shipping and Tourism
Europe’s Drying Rivers Trigger Power Cuts, Factory Shutdowns and Wildfire Emergencies
Record-Low Danube Forces Nuclear Cuts and Emergency Power Curbs
Danube Drought Forces Hungary’s Paks Nuclear Plant Into Full Shutdown
Ceuta Death Toll Rises as Spain and Europe Clash Over Border Response
Valued at $109 Million: F-35B Fighter Jet Crashes in Southern California
Record-Low Danube Exposes Probable Mammoth Remains in Bulgaria
US Says It Has Carried Out Heavy Strikes on Iran After Attempted Attacks on Its Forces
The AI User Nightmare: Private Claude Conversations Leaked to the Internet
Over 24 Hours in the Air: Qantas Airbus Completes Record-Breaking Test Flight
Massive Wildfires Ravage Southern Europe: Fatalities in Greece and Evacuations Across France, Spain, and Turkey
Nvidia Reportedly Takes Vast Texas Data-Centre Lease to Underwrite AI Expansion
FIFA’s Private-Investment Plan for World Cup Rights Draws European Revolt
Apple Briefly Crosses Five Trillion Dollar Valuation as Investors Retreat From AI Bets
Fresh Heatwave Threatens to Rekindle France’s Historic Wildfire Crisis
Following OpenAI's Cyberattack: 'Most Companies Still Do Not Understand What Is Coming'
OpenAI Sued After ChatGPT Allegedly Discouraged Emergency Care Before Near-Fatal Embolism
Miliband Sets Climate and International Law at Centre of UK Diplomacy
Czech Central Bank Governor Rejects Early Euro Entry and Rate-Cut Pressure
Trump Readies New Tariffs as Temporary Global Levy Nears Expiry
Vivienne Westwood Casts Cicciolina, 74, in Its New Autumn Campaign
Dejavu: Germany’s Military Expansion Reshapes Europe’s Strategic Balance With France
Morgan Stanley Builds a Wall Street Lead in AI Infrastructure Finance
High Prices Push Coffee Drinkers Toward Whole Beans and Home Brewing
Trump Draws Boos and Podium Scrutiny at Spain’s World Cup Triumph
Brilliant move: Péter Magyar Moves to Nominate Chess Grandmaster Judit Polgár as Hungary’s President
Spain Defeats Argentina in Extra Time to Win Second World Cup
Current AI Seeks to Build an Open Global AI Infrastructure Outside Big Tech Control
Germany’s Economic Malaise Reopens the Sunday Shopping Debate
Proposed U.S.-Saudi Nuclear Pact Could Permit Limited Uranium Enrichment Under International Safeguards
Netherlands Declares Water Shortage Emergency After Drought Pushes Rivers to Historic Lows
Why Kentucky Fried Chicken Became KFC—and Why the False Explanations Persist
×