By  on February 25, 2009

PARIS — Marcel Frydman, former chief executive officer of Marionnaud Parfumeries, and his son, Gérald Frydman, Marionnaud’s ex-vice president and financial director, have been found guilty of and fined for insider trading while at the perfumery between the end of 2002 and 2004.

Frydman must pay 5 million euros, or $6.37 million at current exchange, and his son, 550,000 euros, or $700,286, according to a filing by France’s financial markets authority AMF.

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