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Investment Fraud

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  • If the SEC rules in their favor, the investors could seek a portion of the $602 million the SEC collected in a settlement from a division of SAC Capital Advisers after former portfolio manager Mathew Martoma was caught trading on secret tips. The SEC will also be weighing in on a long-running debate over whether insider trading is a victimless crime.

  • PARIS, Oct 3- A French corporate trial involving allegations of insider trading in the shares of Airbus Group was effectively suspended on its first day in order to allow a higher court to rule on whether the procedure is constitutional. "I am confident, that once again, it will be demonstrated that these accusations are groundless and should be fully dismissed,"...

  • PARIS, Oct 3- A long-awaited French corporate trial involving allegations of insider trading in the shares of Airbus Group got under way on Friday, marking the climax of an eight-year investigation. Current managers facing trial include John Leahy, the sales chief of planemaking subsidiary Airbus, who was not present on the opening day but is expected to give...

  • French court to begin Airbus insider trading trial Thursday, 2 Oct 2014 | 8:19 PM ET

    PARIS, Oct 3- A long-awaited French corporate trial involving allegations of insider trading in the shares of Airbus Group gets under way on Friday, marking the climax of an eight-year investigation. Seven current and former managers at Europe's largest aerospace group, and two former industrial shareholders, are accused of trying to profit from inside...

  • NEW YORK, Oct 2- A former executive of Foundry Networks Inc was found guilty on Thursday of leaking inside information about the data-equipment maker and enabling a San Francisco hedge fund to earn millions of dollars. David Riley, Foundry's former chief information officer, was found guilty by a Manhattan federal jury of two counts of securities fraud and one...

  • Oct 1- A former executive at GSI Commerce Inc was sentenced on Wednesday to 15 months in prison for insider trading related to the 2011 takeover of the e-commerce company by online retailer eBay Inc..

  • Avon wins dismissal of lawsuit over China bribery Monday, 29 Sep 2014 | 1:59 PM ET

    NEW YORK, Sept 29- Avon Products Inc on Monday won the dismissal of a securities fraud lawsuit accusing the cosmetics company of concealing its inability to stop workers from bribing officials in China to win business there.

  • PARIS, Sept 29- Defendants at a French trial involving allegations of insider trading at Airbus Group this week will try to persuade judges it should not take place on the grounds it breaches their human rights, lawyers involved in the case said. That principle is enshrined in the European Convention on Human Rights.

  • NEW YORK, Sept 24- A former executive at a New York investor relations firm, whose barefoot dash from news photographers last month caught the attention of Comedy Central's The Daily Show, pleaded guilty on Wednesday to insider trading.

  • NEW YORK, Sept 24- A former executive at a New York investor relations firm, whose barefoot dash from news photographers last month caught the attention of Comedy Central's The Daily Show, pleaded guilty on Wednesday to insider trading.

  • NEW YORK, Sept 22- A federal judge rejected Westgate Capital Management LLC founder James Nicholson's request to shorten his 40- year prison term for running a $140 million Ponzi scheme at his hedge fund firm, likening it to the much larger fraud run by Bernard Madoff.

  • Frank Tamayo, 41, was the middleman in what prosecutors called a three-man scheme that generated $5.6 million in illegal profits over five years, based on tips about a dozen transactions being negotiated by a prestigious New York law firm. The defendant also agreed to forfeit more than $1 million, the contents of two brokerage accounts, and a 2008 Audi Q7.

  • Sept 19- A U.S. federal judge in Texas ordered Bitcoin Savings and Trust and its owner to pay a combined $40.7 million after the Securities and Exchange Commission established that the company, which sold investments using the virtual currency, was a Ponzi scheme.

  • Bank of Montreal is sued over Tom Petters' Ponzi scheme Thursday, 18 Sep 2014 | 6:58 PM ET

    Sept 18- Bank of Montreal was sued on Thursday by a trustee liquidating two Florida funds that claimed to have lost money in a Ponzi scheme operated by Minnesota businessman Thomas Petters.

  • NY ATTORNEY GENERAL SAYS BARCLAYS FALSE STATEMENTS FALL WITHIN SCOPE OF STATE SECURITIES FRAUD LAW.

  • Authorities said Braverman from 2010 to 2013 made close to $300,000 from illegal trades in stocks and options of eight companies, including Drugstore.com Inc, Dealertrack Technologies Inc and Seagate Technology Plc, involved in transactions on which Wilson Sonsini was providing legal advice.

  • Andrew Madoff's $16M fortune riles father's victims Friday, 12 Sep 2014 | 2:28 PM ET
    Andrew Madoff in 2011

    Andrew Madoff, the son of convicted financier Bernie Madoff, was worth $16 million prior to his death from lymphoma on Sept. 4.

  • Former friend of ex-Hall of Fame coach faces prison Thursday, 11 Sep 2014 | 4:12 PM ET
    Former Georgia football coach Jim Donnan is shown after receiving his blazer during the College Hall of Fame pep rally in South Bend, Ind.

    Gregory Crabtree, former friend of College Hall of Fame coach Jim Donnan, faces prison time related to an $80 million Ponzi scheme.

  • NEW YORK, Sept 9- A former executive at Foundry Networks Inc gave an "inside edge" to a hedge fund analyst in 2008 by telling him that the data equipment maker was about to be taken over, a U.S. prosecutor said on Tuesday at the start of an insider trading trial.

  • NEW YORK, Sept 8- Mathew Martoma, a former portfolio manager at billionaire Steven A. Cohen's SAC Capital Advisors LP hedge fund, was sentenced on Monday to nine years in prison for engaging in what authorities called the most lucrative insider trading scheme in U.S. history. District Judge Paul Gardephe in New York also ordered Martoma, 40, to forfeit $9.3 million.