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Insider Trading

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  • Prosecutors to File New Indictment in Galleon Case Tuesday, 5 Jan 2010 | 9:36 PM ET
    Raj Rajaratnam

    Federal prosecutors said they intend to file a new indictment against hedge fund mogul Raj Rajaratnam, charged last year in a sweeping insider trading case.

  • Investors Want Aid From Stanford-Linked Congressman Wednesday, 30 Dec 2009 | 6:44 PM ET
    R. Allen Stanford

    A group of investors in Allen Stanford's alleged Ponzi scheme are demanding a powerful Texas congressman give them the same kind of support he showed Stanford when regulators shut down the alleged scam in February.

  • Stanford Bail Denied, Feds Probe Congressional Ties Sunday, 27 Dec 2009 | 3:54 PM ET
    Allen Stanford

    A federal judge has denied an emergency request by attorneys for indicted billionaire Allen Stanford to free their client on bail. 

  • Allen Stanford Near 'Complete Nervous Breakdown' Tuesday, 22 Dec 2009 | 5:27 PM ET
    Allen Stanford

    Attorneys for accused Ponzi schemer Allen Stanford—who has been in custody without bail since his indictment in June—say their client is in danger of a "complete nervous breakdown," so they are again asking a federal judge to let him go free on bail.

  • Stanford Found in Contempt of Court Over Legal Fees Wednesday, 16 Dec 2009 | 6:09 PM ET
    R. Allen Stanford

    A federal judge has found accused Ponzi schemer Allen Stanford and three co-defendants in contempt of court in a dispute over their legal fees.

  • An Unwelcome Spotlight Falls on SAC Capital Wednesday, 16 Dec 2009 | 11:30 AM ET

    In the last two months, SAC Capital Advisors has turned into a $13 billion piñata.

  • Conrad Black arriving at a federal courthouse on June 18, 2007.

    A lawyer for former media baron Conrad Black urged the Supreme Court Tuesday to overturn his fraud conviction, and several justices asked whether the federal law at issue was too vague.

  • Disgraced financier Bernard Madoff's longtime auditor has entered a guilty plea in a federal court in Manhattan.

  • Hints of Missed Chance to Pursue Galleon Case Friday, 30 Oct 2009 | 10:33 AM ET

    The first tip from inside Intel reached Raj Rajaratnam more than a decade ago — from the same source who has now turned against him in the biggest insider-trading case in a generation, says the New York Times.

  • The central witness in a federal insider trading case against Raj Rajaratnam, founder of the Galleon hedge fund, has a more than 10-year history of passing on privileged information to the fund, according to federal court documents.

  • Financial Woes Plagued Galleon Informant Thursday, 22 Oct 2009 | 10:25 AM ET

    Roomy Khan, the central witness who brought down the Galleon hedge fund, is a former Galleon employee with a history of financial trouble who agreed to cooperate with prosecutors after she was caught making trades using inside information, the New York Times reports.

  • In Fraud Case, a Deal That Lost Millions Wednesday, 21 Oct 2009 | 12:16 PM ET
    Raj Rajaratnam

    If Mr. Raj Rajaratnam was trading on insider information, as authorities claim, apparently he was not very good at it, the New York Times reports.

  • Galleon Preparing to Unwind its Hedge Fund Holdings Wednesday, 21 Oct 2009 | 9:41 AM ET
    Raj Rajaratnam

    Galleon Group is winding down its hedge fund holdings, the company's embattled CEO Raj Rajaratnam said in a statement.

  • Son of NYC Socialite Astor Could Get 25 Years Friday, 9 Oct 2009 | 9:27 AM ET

    Philanthropist Brooke Astor's 85-year-old son had it all but wanted more, and now he might have to face his remaining years in a stark prison cell after being convicted of looting his ailing mother's nearly $200 million estate.

  • The Supreme Court has refused to hear former Qwest CEO Joseph Nacchio's appeal of his insider trading conviction.

  • SEC's Rating Agency Reform May Aid Insider Trading Friday, 25 Sep 2009 | 10:43 AM ET

    The Securities and Exchange Commission spends a lot of time and money trying to discover insider trading in stocks. But when it comes to structured financial products — the funny securities that were at the heart of the financial crisis — it has just adopted a proposal that will facilitate such trading, says the NYT's Floyd Norris.

  • SEC Set to Target Credit Rating Agencies, Flash Trades Thursday, 17 Sep 2009 | 12:00 PM ET

    The SEC will discuss rules to improve oversight of the credit rating industry as well as a proposed ban  on flash trades—or buy and sell orders that exchanges send to a specific group of participants before revealing them publicly.

  • David Einhorn

    A recent court ruling that forced two ratings companies to defend fraud claims is a "game-changer" for the industry, said David Einhorn, head of Greenlight Capital.

  • Tax Havens Face Global Crackdown: OECD Chief Wednesday, 2 Sep 2009 | 4:50 PM ET

    A global crackdown on bank secrecy and offshore tax havens is gaining steam due to  the worldwide financial crisis, the head of the OECD told CNBC.

  • No New Judge in Stanford Case Wednesday, 19 Aug 2009 | 1:25 AM ET

    Late Tuesday, a federal appeals court, without explanation, denied Allen Stanford's petition to remove U.S. District Judge David Hittner from his criminal case.