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Investment Fraud

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  • 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.

  • NEW YORK, June 25- A former driver for Raj Rajaratnam has sued the one-time billionaire, claiming he was fired for complaining about secret wire transfers the founder of the Galleon Group hedge fund made to fellow prisoners following his conviction for insider trading.

  • NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, 78, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.

  • Ex-Madoff accountant pleads guilty to aiding fraud Tuesday, 24 Jun 2014 | 12:00 PM ET

    NEW YORK, June 24- Bernard Madoff's former accountant pleaded guilty on Tuesday to helping the convicted swindler perpetrate his massive Ponzi scheme. Paul Konigsberg, a former senior tax partner at Konigsberg Wolf& Co, pleaded guilty to one count of conspiracy and two counts of falsifying the records of a broker-dealer before U.S.

  • NEW YORK, June 20- A Manhattan federal judge directed the House Ways and Means Committee and a senior staffer to appear at a July 1 hearing to address their alleged refusal to respond to U.S. Securities and Exchange Commission subpoenas into whether a leak about a healthcare policy change may have led to insider trading.

  • NEW YORK, June 18- Just because the one-time billionaire hedge fund manager Raj Rajaratnam engaged in insider trading doesn't mean his younger brother did as well, a lawyer for Rengan Rajaratnam told jurors on Wednesday.

  • NEW YORK, June 17- Jurors were selected Tuesday in the trial of Rengan Rajaratnam, a former Galleon Group hedge fund manager accused of conspiring with his older brother, Raj Rajaratnam, to engage in insider trading.

  • UPDATE 1-Ex-Madoff accountant expected to plead guilty Tuesday, 17 Jun 2014 | 3:43 PM ET

    NEW YORK, June 17- Bernard Madoff's former accountant is expected to plead guilty to charges in connection with the convicted swindler's massive Ponzi scheme, a U.S. prosecutor said at a Tuesday court hearing. District Judge Laura Taylor Swain in Manhattan.

  • NEW YORK, June 17- Bernard Madoff's former accountant is expected to plead guilty to charges that he helped the convicted swindler run his massive Ponzi scheme, a U.S. prosecutor said on Tuesday at a court hearing.

  • NEW YORK, June 17- Former Goldman Sachs Group Inc director Rajat Gupta on Tuesday began serving his two-year prison term for insider trading, and lost his challenge to a $13.9 million civil penalty and permanent ban from acting as a public company officer.

  • Jury selection begins in trial of Rajaratnam's brother Tuesday, 17 Jun 2014 | 10:50 AM ET

    NEW YORK, June 17- Jury selection began on Tuesday in the trial of Rengan Rajaratnam, a former Galleon Group hedge fund manager accused of conspiring with his older brother, Raj Rajaratnam, to engage in insider trading.

  • U.S. top court declines to hear Rajaratnam appeal Monday, 16 Jun 2014 | 9:39 AM ET

    WASHINGTON, June 16- The U.S. Supreme Court on Monday left intact the insider trading conviction of Galleon Group hedge fund founder Raj Rajaratnam. The court declined to hear Rajaratnam's appeal, meaning a June 2013 decision by the 2nd U.S. Circuit Court of Appeals in New York upholding the conviction is the final word in the case.

  • *Ross Stores' sales, Oracle purchase said to be leaked. June 13- The U.S. Securities and Exchange Commission on Friday charged four San Francisco- area men with insider trading in Ross Stores Inc stock options, and one of the four with insider trading in stock options of a company that was later bought by Oracle Corp..