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Investment Fraud
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NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.
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NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.
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NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.
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BlackRock has bought private-equity real estate fund MGPA in a deal that boosts its presence in Asia and continental Europe.
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NEW YORK, May 20- The decision by U.S. prosecutors to compel Steven A. Cohen to testify before a federal grand jury about allegations of insider trading at his $15 billion hedge fund is leaving many criminal defense lawyers scratching their heads.
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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.