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Investment Fraud

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  • NEW YORK, Sept 4- A federal judge on Thursday refused to throw out the insider trading conviction of former SAC Capital portfolio manager Mathew Martoma, saying the trial evidence "overwhelmingly demonstrated Martoma's guilt."

  • Madoff son’s death adds complication for victims Wednesday, 3 Sep 2014 | 5:05 PM ET
    Andrew Madoff as he appeared on NBC News' "Today" show, October 2011.

    For victims of Bernie Madoff's epic Ponzi scheme, Andrew Madoff's death could add new wrinkles to efforts to recover billions in losses.

  • NEW YORK, Sept 3- Andrew Madoff, the son of convicted fraudster Bernard Madoff, died on Wednesday from cancer, his lawyer said. "Andrew Madoff has lost his courageous battle against mantle cell lymphoma," lawyer Martin Flumenbaum said in a statement.

  • NEW YORK, Sept 2- U.S. judges are imposing increasingly long prison terms for insider trading, a Reuters analysis shows. In 2011, former billionaire and Galleon Group hedge fund founder Raj Rajaratnam received an 11- year sentence for an insider trading scheme that netted him $63.8 million in illicit profits.

  • NEW YORK, Aug 26- U.S. prosecutors on Tuesday charged an executive of a New York investor relations firm with insider trading, accusing him of using nonpublic information to earn more than $538,000 in illicit profits.

  • NEW YORK, Aug 26- U.S. prosecutors on Tuesday charged an employee of a New York investor relations firm with insider trading, accusing him of using nonpublic information to earn more than $538,000 in illicit profits.

  • Michael Lucarelli, the director of market intelligence at Lippert/Heilshorn& Associates, was arrested early Tuesday morning at his Manhattan apartment, a spokesman for the FBI said.

  • Infomercial king and his alleged pyramid scheme Thursday, 21 Aug 2014 | 12:58 PM ET
    Kevin Trudeau

    Infomercial king Kevin Trudeau, who made millions off books and products and is now behind bars, also masterminded a pyramid scheme.

  • The SEC said Toth called his financial advisor and arranged to buy 5,000 shares of O'Charley's after his client revealed the impending acquisition during a tax-planning meeting. Nash bought 10,000 shares, while Schlossberg tipped his business partner, Moshe Manoah, and the two of them jointly bought stock using an account held by Manoah's wife, the SEC said.

  • NEW YORK, Aug 14- A federal judge rejected billionaire investor Steven A. Cohen's bid to dismiss lawsuits by Elan Corp and Wyeth shareholders who claimed they lost money because his firm SAC Capital Advisors LP conducted insider trading in the drugmakers' stocks.

  • The trustee Irving Picard contended last month that Andrew and Mark Madoff obstructed a 2005 U.S. Securities and Exchange Commission probe by deleting emails that linked them to fraud at Bernard L. Madoff Investment Securities LLC, and took out sham loans to buy pricey Manhattan apartments.

  • 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.