It is about the first part of two in the legal process about the fund company Falcon Funds.

- You have sold to yourself, let Swedish pension savers pay and stopped the profit in their own pocket, says Jerker Asplund prosecutor and preliminary investigator to SVT News.

The prosecutor claims that the money for just over 20,000 pension savers in the state PPM system was cut - by passing on their stick codes - then accelerated the loss deals - for the savers - by selling securities at an overpriced price to the pension savers' fund.

"Trash" was sold

Securities that were called "Trash" in internal mail conversations, according to the prosecutor.

In total, $ 30.5 million was stolen, the prosecutor claims, thus close to SEK 300 million. In the next part of the prosecution, the amount grows by hundreds more millions. Prosecutor Jesper Asplund confirms that the amounts are growing in the next indictment, which he will bring next year, but he does not want to comment on the sum. All the defendants at the same time refuse a crime.

Tighter controls but no guarantee against crime

Following the attention following the disclosures in Falcon Funds and in the fund company Allra, whose trial began yesterday, both legislation and control have been tightened on the state fund square, which the Pension Authority runs.

- Security is at a completely different level than it has historically been, says Erik Fransson, head of the Swedish Pensions Authority's fund square.

He points to strengthened legislation, new agreements with the fund companies and a whole new group on the authority that is constantly reviewing the funds.

Tighter rules and control should thus increase security, but there is no guarantee that protects savers' money against crime.

- What we can guarantee is that we do what we can to ensure that there are no funds with rogue managers on the Fund Square, says Erik Fransson of the Pension Authority.