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Investment Fraud

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  • 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.

  • NEW YORK, July 14- Former Goldman Sachs Group Inc director Rajat Gupta, serving a two-year prison term, has failed to persuade a federal appeals court to overturn his insider trading conviction.

  • NEW YORK, July 8- Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by U.S. prosecutors.

  • NEW YORK, July 8- U.S. prosecutors may still be building a case against imprisoned swindler Bernard Madoff's only surviving son, who according to sources was one of the "co-conspirators" mentioned in a plea deal by a Madoff associate last month. Mark Madoff committed suicide in December 2010 at the age of 46 on the second anniversary of Bernard Madoff's arrest.

  • NEW YORK, July 8- Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring to engage in insider trading while at the hedge fund, ending a five-year winning streak by U.S. prosecutors.

  • NEW YORK, July 8- Rengan Rajaratnam, the younger brother of convicted Galleon Group founder Raj Rajaratnam, was cleared on Tuesday of conspiring with him to engage in insider trading while at the hedge fund, in a setback for U.S. prosecutors.

  • NEW YORK, July 8- Jurors began deliberating on Tuesday in the trial of Rengan Rajaratnam, younger brother of Galleon Group hedge fund founder Raj Rajaratnam, who prosecutors say conspired to engage in insider trading.

  • NEW YORK, July 7- A lawyer for Rengan Rajaratnam on Monday compared the government's insider trading case against the younger brother of Galleon Group founder Raj Rajaratnam to a jigsaw puzzle where the pieces had been wrongly jammed together. Nor was there proof Rengan Rajaratnam entered into a conspiracy to engage in insider trading, he said.

  • NEW YORK, July 2- Prosecutors avoided the dismissal of the last remaining count against Rengan Rajaratnam on Wednesday, a day after a federal judge tossed the primary fraud charges against Galleon Group founder Raj Rajaratnam's younger brother.

  • *CSRC cracking down on insider trading at mutual funds. By Lu Jianxin and Pete Sweeney. SHANGHAI, July 1- A crackdown by Chinese regulators on insider trading in the country's $1.2 trillion mutual fund industry has sparked an exodus of fund managers from the industry.

  • NEW YORK, June 27- Mathew Martoma, a former SAC Capital Advisors portfolio manager convicted of insider trading, should be sentenced to a "substantial" term of prison beyond the eight years recommended by probation officers, U.S. prosecutors argued Friday. In court papers filed in New York federal court, prosecutors urged U.S.

  • June 26- Hewlett-Packard Co has won the dismissal of a lawsuit accusing the computer maker of securities fraud for misleading shareholders about its commitment to ethics while its chief executive was allegedly engaging in sexual harassment. Hurd, who is now president of Oracle Corp, had won wide credit at HP for improving the company's fortunes.

  • NEW YORK, June 26- A top official in the U.S. Attorney's Office in Manhattan who oversaw a number of high-profile insider trading cases is joining law firm Paul, Weiss, Rifkind, Wharton& Garrison, the New York firm said on Thursday.

  • NEW YORK, June 26- A former McKinsey& Co partner whose testimony helped convict Raj Rajaratnam for insider trading returned to court on Thursday to testify against the Galleon Group founder's younger brother, Rengan Rajaratnam.

  • *U.S.-listed shares of Barclays fall on fraud lawsuit. Financial stocks were among the day's top decliners after New York State's attorney general filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency trading clients.

  • NY Attorney General Eric Schneiderman, discusses allegations that Barclays demonstrated a disturbing disregard for "ordinary" investors and operated a "dark pool" that favored high-frequency traders.

  • NEW YORK, June 26- The New York State's attorney general has filed a securities fraud lawsuit against Barclays, accusing the British bank of giving an unfair edge in the United States to high-frequency trading clients even as it claimed to be protecting other customers from such traders.

  • June 25- A top official in the U.S. Attorney's Office in Manhattan who oversaw a number of high-profile insider trading cases is leaving his post after two and a half years, according to a spokesman for the office.

  • NY AG suing Barclays over 'dark pools' Wednesday, 25 Jun 2014 | 6:29 PM ET

    New York AG Eric Schneiderman will file a securities fraud lawsuit against Barclays for its use of "dark pools" on Wednesday.

  • NEW YORK, June 25- The New York Attorney General on Wednesday filed a securities fraud lawsuit against Barclays PLC for misrepresenting the safety of its U.S.-based alternative trading system, or "dark pool," to investors. "Barclays grew its dark pool by telling investors they were diving into safe waters," said Attorney General Eric Schneiderman.