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Investment Fraud

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  • NEW YORK, June 2- Questions about how to apply securities law to activist investors could complicate any potential insider trading case against billionaire Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, legal experts said.

  • Top court sends Gupta to prison during appeals Wednesday, 11 Jun 2014 | 6:12 PM ET
    Rajat Gupta

    A former board member at Goldman Sachs must report to prison as scheduled next week for his conviction on insider trading charges.

  • June 11- Former Goldman Sachs Group Inc director Rajat Gupta has failed to persuade the U.S. Supreme Court to delay the June 17 start of his two-year prison term while he pursues an appeal of his insider trading conviction.

  • Global Fraud Survey results 'troubling': EY     Wednesday, 11 Jun 2014 | 4:45 AM ET

    David Stulb, global forensics leader at EY, discusses the results of the annual Global Fraud Survey and warns that year-on-year improvements are very slow.

  • NEW YORK, June 10- Former Goldman Sachs Group Inc director Rajat Gupta asked the U.S. Supreme Court to let him stay free while he appeals his insider trading conviction, in a last-ditch bid to avoid beginning his two-year prison term on June 17. He intends to ask the Supreme Court to review his case if the appeals court refuses.

  • *Documents chats by Credit Suisse brokers; bank may be investigated. MUMBAI, June 6- India's stock market regulator may investigate the domestic unit of Credit Suisse Group to determine whether price sensitive information about a share deal that the authority has ruled to be insider trading was leaked by the investment bank.

  • June 2- A southern California jeweler who made $1.6 million from insider trading on tips from former KPMG LLP senior partner Scott London about that firm's clients was sentenced on Monday to five months in prison, federal prosecutors said. District Judge George Wu in Los Angeles after pleading guilty in May 2013 to one count of conspiracy.

  • NEW YORK, June 2- Questions about how to apply securities law to activist investors could complicate any potential insider trading case against billionaire Carl Icahn, pro-golfer Phil Mickelson and Las Vegas gambler William Walters, legal experts said.

  • ICAHN SAYS UNAWARE OF ANY FEDERAL INSIDER TRADING INVESTIGATION, SAYS HAS NEVER GIVEN OUT INSIDER INFORMATION.

  • NEW YORK, May 30- Former Goldman Sachs Group Inc director Rajat Gupta will begin serving a two-year prison term on June 17 after a U.S. federal appeals court rejected his bid to stay free while he appeals his insider trading conviction.

  • NEW YORK, May 29- A New Jersey hedge fund manager pleaded not guilty on Thursday to charges he traded on inside information about the children's clothing company Carter's Inc, according to court papers. Steven Slawson, the co-founder of Titan Capital Management, is the latest defendant to be charged in a probe centered on the Atlanta- based retailer.

  • NEW YORK, May 28- Former hedge fund analyst Matthew Teeple pleaded guilty on Wednesday to a criminal conspiracy charge in connection with the 2008 takeover of a technology company.

  • NEW YORK, May 28- A prison sentence approaching 20 years would be an appropriate punishment for Mathew Martoma, a former SAC Capital Advisors LP fund manager convicted of insider trading, U.S. court officials said, prompting his lawyers to object strenuously.

  • NEW YORK, May 28- U.S. court officials said Mathew Martoma may deserve a record prison term for insider trading, perhaps approaching 20 years, prompting strenuous opposition from lawyers for the former SAC Capital Advisors LP fund manager.

  • NEW YORK, May 28- U.S. court officials said Mathew Martoma may deserve a record prison term for insider trading, a request that lawyers for the former SAC Capital Advisors LP fund manager called "outrageous."

  • The deal resolves allegations brought by the U.S. Securities and Exchange Commission that Glenn Cohen, a former NBTY board member, learned that Carlyle was in negotiations to buy the company and shared the information with his brothers and a brother's girlfriend. Besides Glenn Cohen, the SEC sued his brothers, Craig, Marc and Steven, as well as Laurie Topal.

  • NEW YORK, May 16- Michael Steinberg, a portfolio manager at Steven A. Cohen's SAC Capital Advisors hedge fund, was sentenced on Friday to 3-1/ 2 years in prison for insider trading.

  • U.S. judge tosses SEC case over alleged Ponzi scheme Tuesday, 13 May 2014 | 3:39 PM ET

    "This is a case in which the SEC- the agency whose principal mission is to' protect investors and the markets by investigating potential violations of the federal securities laws- failed to meet its serious duty to timely bring this enforcement action," King wrote.

  • NEW YORK, May 12- U.S. prosecutors are urging a federal judge impose a sentence of up to 6-1/ 2 years in prison for Michael Steinberg, a portfolio manager at Steven A. Cohen's SAC Capital Advisors convicted last year on insider trading charges. He is one of eight current or former employees of SAC Capital to be convicted for insider trading.

  • May 9- A former executive at an e-commerce company that was acquired in 2011 by online retailer eBay Inc pleaded guilty on Friday to insider trading in connection with the takeover. District Judge Stewart Dalzell in Philadelphia, and was released on $300,000 bail, court records show.