Investment Fraud
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Steven A. Cohen has received a subpoena to testify before a grand jury in the government's insider trading investigation into his hedge fund, the NYT reports.
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Steven A. Cohen has received a subpoena to testify before a grand jury in the government's insider trading investigation into his hedge fund, the NYT reports.
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KANSAS CITY, Mo.-- Three weeks after the start of a securities fraud trial involving a Kansas City company whose leaders are accused of bilking unsophisticated investors out of millions of dollars, closing arguments that were supposed to begin Monday were pushed back a day because of problems with jury instructions.
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LONDON, May 14- Asset manager BlackRock said on Tuesday that one of its former employees was arrested in April by City of London police on suspicion of insider dealing.
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*Government: Firm made over $68 million of illegal profits. NEW YORK, May 13- Former Level Global Investors LP fund manager Anthony Chiasson on Monday was sentenced to 6-1/ 2 years in prison for insider trading, a penalty that the judge in the case said was intended to deter others in the financial industry from similar conduct.
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The jeweler who made more than $1 million from allegedly illegal tips is minutes away from entering a plea, reports CNBC's Jane Wells.
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Russell Wasendorf Jr., whose father went to prison for stealing $215 million from clients of the Peregrine Financial Group, has pleaded innocent and is attempting to start over.
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Former Enron CEO Jeffrey Skilling would be out of prison in 2017—more than 10 years early—under a proposed sentencing agreement submitted to a judge in Houston.
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*Chiasson convicted over trades in Dell, Nvidia. The government said in a Manhattan federal court filing that Anthony Chiasson, who was convicted in December of securities fraud and conspiracy, should spend 97 to 121 months behind bars. In December, a jury convicted Chiasson of using confidential information to trade in shares of computer maker Dell Inc.
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*The SEC has put local government officials on notice that it is closely monitoring the way they describe their cities' fiscal health, charging Harrisburg, Pennsylvania, with securities fraud for allegedly failing to disclose information on its financial troubles.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies agreed on Monday to plead guilty to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, an expensive watch and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, merchandise and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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NEW YORK, May 6- The California jeweler who gave a former KPMG auditor cash, merchandise and concert tickets in exchange for inside information about public companies pleaded guilty on Monday to one count of conspiracy to commit securities fraud, according to court papers.
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WASHINGTON, May 6- U.S. regulators charged the beleaguered capital city of Pennsylvania, Harrisburg, on Monday with securities fraud for allegedly misleading public statements and financial information.
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*SEC says charges city of Harrisburg, Pennsylvania with securities fraud. *SEC accuses Harrisburg of issuing misleading public statements when its. *SEC says Harrisburg has agreed to settle charges, and agreed not to commit.
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*SAC Capital employee loses bid for new judge. NEW YORK, May 3- A federal judge has set Nov. 18 for the start of the criminal trial of Michael Steinberg, the most senior employee of Steven A. Cohen's hedge fund SAC Capital Advisors to be indicted for insider trading.
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MUMBAI, May 3- India's stock market regulator has fined a unit of energy conglomerate Reliance Industries Ltd. The deals were financed through an interest-free loan by a wholly-owned unit of Reliance Industries, according to the order on the regulator's website. A Reliance Industries spokesman did not respond to telephone calls.
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David Blech, 57, pleaded guilty in May 2012 to securities fraud charges stemming from improper trades in biopharmaceutical companies Pluristem Therapeutics Inc and Intellect Neurosciences Inc. District Judge Colleen McMahon in Manhattan expressed anger at his repeat offense and rejected his lawyer's request for leniency.
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NEW YORK, May 2- Former Diamondback Capital Management portfolio manager Todd Newman was sentenced to 4-1/ 2 years in prison on Thursday for insider trading in the stock of Dell Inc and Nvidia Corp. District Judge Richard Sullivan also ordered Newman, 48, to forfeit $737,724 and to pay a $1 million fine.
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The alert follows by almost two years a period in which the SEC filed a string of civil fraud cases related to oil and gas private placements. But an SEC spokesman said the issues they present are ongoing, adding: "The alert wasn't prompted by any particular case or series of cases."