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Investment Fraud

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  • Aug 7- A 29- year-old San Francisco man was sentenced to three months in federal prison on Thursday after he pleaded guilty to insider trading ahead of news that Marvel Entertainment Inc would be bought by Walt Disney Co..

  • NEW YORK, Aug 7- Former hedge fund manager Samuel Israel, who faked his own suicide to avoid prison after running a $450 million fraud, on Thursday failed to persuade a judge to shorten his 22- year sentence or set him free because prison officials are unable to treat his worsening health.

  • Aug 1- Botox maker Allergan Inc on Friday accused rival Valeant Pharmaceuticals International and billionaire investor William Ackman of violating securities laws by using insider information as they prepared a takeover bid for the drug company.

  • Frank Perkins Hixon Jr., a former senior manager at the bank, was also ordered to pay $810,000 in fines and forfeitures to the government and $1.2 million in restitution to Evercore by U.S.

  • TORONTO, Aug 1- Quebec's securities regulator is investigating Fairfax Financial Holdings Ltd, its chief executive officer and president for possible illegal insider trading as well as tipping, or passing along sensitive information, Fairfax said.

  • TORONTO, Aug 1- Fairfax Financial Holdings Ltd said Quebec's securities regulator was investigating the company, Chief Executive Officer Prem Watsa and President Paul Rivett for possible illegal insider trading or tipping.

  • NEW YORK, July 29- Four months after five former Bernard Madoff aides were convicted of helping conceal his massive Ponzi scheme, their lawyers and U.S. prosecutors are still fighting over the trial's key question: What did they know, and when did they know it?

  • NEW YORK, July 29- A U.S. federal appeals court has upheld a $67 million jury verdict against TD Bank, part of Canada's Toronto-Dominion Bank, for helping convicted former lawyer Scott Rothstein run a Florida Ponzi scheme that cost investors more than $1 billion.

  • NEW YORK, July 29- A federal appeals court has upheld a $67 million jury verdict against TD Bank, part of Canada's Toronto-Dominion Bank, for helping convicted former lawyer Scott Rothstein run a Florida Ponzi scheme that cost investors more than $1 billion.

  • NEW YORK, July 24- The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff on Thursday refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.

  • NEW YORK, July 24- The federal judge who oversaw the trial of five associates of imprisoned swindler Bernard Madoff refused to overturn their convictions for helping their former boss run one of the world's biggest Ponzi schemes.

  • NEW YORK, July 23- A U.S. federal judge on Wednesday dismissed a shareholders' lawsuit claiming JPMorgan Chase& Co board members knew about Bernard Madoff's Ponzi scheme and ignored red flags signaling his massive fraud.

  • Trader gets two years for TARP fraud Wednesday, 23 Jul 2014 | 6:08 PM ET
    Former Jeffries Group LLC trader Jesse Litvak arrives at federal court in New Haven, Conn., along with wife Renee, July 23, 2014.

    A former Jefferies Group managing director convicted of defrauding investors was sentenced to two years in prison.

  • July 21- A former president of Qualcomm Inc's global business operations pleaded guilty on Monday to insider trading in shares of the mobile phone chipmaker and a company it bought in 2011, as well as to a related money laundering charge.

  • July 21- A former president of Qualcomm Inc's global business operations pleaded guilty on Monday to insider trading in shares of the mobile phone chipmaker and a company it bought in 2011, as well as to a related money laundering charge. District Judge William Hayes in San Diego, according to the U.S. Department of Justice.

  • The SEC was seeking to overturn a lower court's decision from 2012, in which a federal judge rejected a request by the agency to force the Securities Investor Protection Corp to start court proceedings for the fraud victims, some of whom lost millions of dollars.

  • The case marks the first time that the SEC, which oversees the SIPC, has ever filed a lawsuit against the nonprofit corporation to try and force it to start a court liquidation proceeding. The SIPC, which was created by Congress, administers an industry-backed fund that is used to compensate investors if their brokerage collapses.

  • Abraxas Discala, the chief executive officer of merchant banking firm OmniView Capital Advisors and former husband of Jamie-Lynn Sigler, who played Meadow Soprano on the hit HBO series, was charged in an indictment unsealed in Brooklyn, New York, with 10 criminal counts including securities fraud, wire fraud and conspiracy.

  • Abraxas Discala, the chief executive officer of merchant banking firm OmniView Capital Advisors and former husband of Jamie-Lynn Sigler, who played Meadow Soprano on the hit HBO series, was charged in an indictment unsealed in Brooklyn, New York, with 10 criminal counts including securities fraud, wire fraud and conspiracy.

  • Arrests made 'pump & dump' scheme: Report     Thursday, 17 Jul 2014 | 10:35 AM ET

    Seven arrests have been made in Brooklyn, New York in an alleged "pump and dump" scheme involving penny stocks, reports CNBCs' Scott Cohn.