Investment Fraud
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NEW YORK, May 21- U.S. prosecutors are considering charging Steven A. Cohen's SAC Capital Advisors as a criminal enterprise engaged in a long pattern of insider trading in stocks, according to a person familiar with the matter. Attorney Preet Bharara declined to comment, as did a spokesman for the Justice Department.
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The Madoff case embarrassed the SEC, which had investigated the now-imprisoned money manager but failed to detect his fraud. Howard Kleinhendler, a lawyer for eight plaintiffs who he said lost $50 million in Madoff's scheme, said he could not envision a better example of a case in which the SEC should be held liable for failing to prevent a fraud.
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April 9- KPMG resigned as the auditor of Herbalife Ltd after one of its senior partners engaged in insider trading in Herbalife stock, the nutritional products company said on Tuesday.
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CNBC's Scott Cohn reports the former Enron CEO may be working on an agreement to leave prison earlier than expected. And Sherron Watkins, former Enron whistleblower, reacts to the news Skilling may strike a deal.
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In an exclusive report, CNBC's Scott Cohn has learned the former CEO of Enron may be getting out of prison much earlier than expected.
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Under the terms of a possible agreement, Jeffrey Skilling could be getting out of prison much earlier than expected, reports CNBC's Scott Cohn. (4:29)
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NEW YORK, April 3- Former broker Thomas Conradt pleaded guilty Wednesday to insider trading charges related to trades he made ahead of a $1.2 billion acquisition by International Business Machines Corp in 2009..
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NEW YORK, April 3- Former broker Thomas Conradt pleaded guilty Wednesday to insider trading charges related to trades he made ahead of a $1.2 billion acquisition by International Business Machines Corp in 2009..
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CNBC's Mary Thompson reports Matthew Taylor is leaving the courthouse after entering a guilty plea to one count of wire fraud, and Goldman Sachs has made a statement.
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CNBC's Mary Thompson has the latest details from a statement issued by Matthew Taylor's attorney on his client's guilty plea to one count of wire fraud.
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CNBC's Scott Cohn reports the details on a court decision reviving some old allegations against SAC's Steve Cohen. (1:21)
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CNBC's Scott Cohn reports a U.S. appeals court has revived part of the case against SAC's Steven Cohen.
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CNBC's Mary Thompson has the latest details on the surrender of Matthew Taylor to FBI agents.
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NEW YORK, April 1- A judge in New York approved one of two proposed settlements between units of Steven A. Cohen's $15 billion hedge fund SAC Capital Advisors and the U.S. Securities and Exchange Commission over civil charges related to insider trading.
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NEW YORK, April 1- A judge in New York approved one of two proposed settlements between units of Steven A. Cohen's $15 billion hedge fund SAC Capital Advisors and the U.S. Securities and Exchange Commission over civil charges related to insider trading.
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March 29- U.S. prosecutors on Friday charged Michael Steinberg, a veteran portfolio manager with Steven A. Cohen's $15 billion hedge fund, with engaging in insider trading in two technology stocks, the most senior SAC Capital Advisors employee to be charged in the government's long-running probe.
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March 29- Michael Steinberg, a portfolio manager at Steve Cohen's 15 billion SAC Capital Advisors, was arrested by the Federal Bureau of Investigation at his home in New York City early Friday morning in connection with a long-running insider trading investigation of the hedge fund, a FBI spokesman said.
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NEW YORK, March 28- A judge on Thursday put off a decision on the U.S. Securities and Exchange Commission's proposed $602 million insider trading settlement with a unit of SAC Capital Advisors hedge fund, potentially delaying resolution of the litigation for months.
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NEW YORK, March 28- A U.S. judge ended a hearing on the U.S. Securities and Exchange Commission's proposed $602 million insider trading settlement with a unit of SAC Capital Advisors without making a decision on whether to approve it.
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NEW YORK, March 26- Federal prosecutors announced criminal charges on Tuesday against three new defendants in the government's broad-based insider trading probe.
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*Rengan Rajaratnam charged with fraud, conspiracy. NEW YORK, March 25- Rengan Rajaratnam, the younger brother of imprisoned hedge fund manager Raj Rajaratnam, on Monday pleaded not guilty to insider trading charges.