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  • NEW YORK, Feb 4- Rajat Gupta, a former director of Goldman Sachs Group Inc and global managing director of McKinsey& Co, has persuaded a federal appeals court to take a fresh look at overturning his 2012 insider trading conviction. In an order on Thursday, the 2nd U.S. Circuit Court of Appeals in New York said it will review Gupta's conviction for having passed tips to...

  • NEW YORK, Feb 3- Retrophin Inc has agreed to pay $3 million to resolve a lawsuit by investors accusing the pharmaceutical company of failing to disclose transactions that benefited former Chief Executive Officer Martin Shkreli, who has since been indicted for securities fraud. The $3 million settlement equals 7 percent to 10 percent of the $26 million to $41...

  • $100 billion later, Afghanistan is on the brink Wednesday, 3 Feb 2016 | 12:17 PM ET
    Afghan security personnel keep watch at the site of a suicide bombing at the home of a prominent politician in Jalalabad on Jan. 17, 2016.

    Embezzlement in Afghanistan is making U.S. reconstruction efforts nearly impossible. But experts say the U.S. can’t back out now.

  • Ex-drug exec Shkreli has $40 million trading loss - U.S. Wednesday, 3 Feb 2016 | 12:15 PM ET

    NEW YORK, Feb 3- Former pharmaceutical executive Martin Shkreli suffered a roughly $40 million drop in the value of a trading account used to secure his bail following his arrest on securities fraud charges, a U.S. prosecutor said on Wednesday. That caused the value of Shkreli's E* Trade brokerage account to drop to $4 million to $5 million, from the $45 million...

  • NEW YORK, Feb 3- Retrophin Inc has agreed to pay $3 million to resolve a lawsuit by investors accusing the pharmaceutical company of failing to disclose various transactions that benefited former Chief Executive Officer Martin Shkreli, who has since been indicted for securities fraud. The $3 million settlement equals 7 percent to 10 percent of the $26 million...

  • NEW YORK, Feb 3- Retrophin Inc has agreed to pay $3 million to resolve a lawsuit by investors accusing the pharmaceutical company of failing to disclose various transactions that benefited former Chief Executive Officer Martin Shkreli, who has since been indicted for securities fraud. The $3 million settlement equals 7 percent to 10 percent of the $26 million...

  • BEIJING— Police arrested the maverick founder of China's largest online finance business on suspicion of fleecing 900,000 investors of $7.6 billion, in what could be the biggest financial fraud in Chinese history. State broadcaster CCTV aired purported confessions from two former employees at Ezubao, an Anhui Province outfit that rose from obscurity to...

  • Swiss 1MDB probe: $4B possibly misappropriated Saturday, 30 Jan 2016 | 3:40 AM ET
    The 1MDB logo is seen on a billboard at the funds flagship Tun Razak Exchange under-development site in Kuala Lumpur on July 3, 2015.

    A Swiss criminal investigation into state fund 1MDB found about $4 billion appeared to have been misappropriated from Malaysian state companies.

  • Jan 28- A Boston- area real estate developer was found guilty on Thursday of engaging in insider trading based on a tip about a merger a bank executive passed him on cocktail napkin over drinks at a country club. Robert Bray, 78, was convicted by a federal jury in Boston on one count of securities fraud for illegally trading on a tip in 2010 that Eastern Bank Corp would...

  • NEW YORK, Jan 27- Days before Martin Shkreli's arrest for securities fraud, U.S. prosecutors obtained a secret court order ruling that communications between the former pharmaceutical executive and a corporate lawyer also under investigation were not protected by attorney-client privilege. Shkreli, who until recently was Turing Pharmaceuticals' chief...

  • NEW YORK, Jan 25- U.S. securities regulators said on Monday they would not oppose making a rare settlement refund of $21.5 million to hedge fund Level Global Investors LP after a federal appeals court's ruling that made pursuing insider trading cases tougher. The U.S. Securities and Exchange Commission's position was laid out in a letter filed in federal court...

  • Jan 25- A U.S. federal appeals court on Monday overturned the convictions of the former chief executive officer and chief financial officer of surgical device maker ArthroCare Corp for engineering what federal prosecutors called a $750 million securities fraud. The 5th U.S. Circuit Court of Appeals in New Orleans agreed with former CEO Michael Baker and...

  • NEW YORK, Jan 25- A federal judge on Monday gave Martin Shkreli, a former pharmaceuticals executive facing securities fraud charges, permission to appear at a Congressional hearing on drug pricing. District Judge Kiyo Matsumoto in Brooklyn, New York modified Shkreli's bail conditions so that he may appear by subpoena before the House Committee on Oversight...

  • New guilty plea in big U.S. insider trading hacking case Wednesday, 20 Jan 2016 | 7:05 PM ET

    Jan 20- A trader from an Atlanta suburb admitted to involvement in what U.S. authorities have called a more than $100 million international insider trading scheme that involved hacking into networks that distribute corporate news releases. Attorney Paul Fishman in New Jersey. Another trader from Alpharetta, Alexander Garkusha, pleaded guilty last month in...

  • Sean Stewart, who also worked at JPMorgan Chase& Co, had argued that a major appellate decision in 2014 that limited the ability of prosecutors to pursue insider trading had made the law so uncertain as to be unconstitutional. District Judge Laura Taylor Swain in Manhattan said the statute under which Stewart was charged had withstood constitutional...

  • Ex-drug CEO Shkreli plans to replace lawyers Tuesday, 19 Jan 2016 | 12:07 PM ET

    NEW YORK, Jan 19- Former drug executive Martin Shkreli plans to hire new legal counsel to represent him against U.S. charges that he defrauded investors at his former hedge fund and a pharmaceutical company he headed, Shkreli's current lawyers said. Defense lawyers from the law firm Arnold& Porter said in court papers filed on Monday in Brooklyn federal court...

  • WASHINGTON, Jan 19- The U.S. Supreme Court on Tuesday agreed to take up an Illinois businessman's appeal of his insider trading conviction after he made nearly $1.2 million trading on tips about mergers from his brother-in-law, a Citigroup Inc investment banker. The justices will review a July ruling by the 9th U.S. Circuit Court of Appeals in San Francisco, which...

  • WASHINGTON, Jan 19- The U.S. Supreme Court on Tuesday agreed to take up an Illinois businessman's appeal of his insider trading conviction after he made nearly $1.2 million trading on tips about mergers from his brother-in-law, a Citigroup Inc investment banker. The justices will review a July ruling by the 9th U.S. Circuit Court of Appeals in San Francisco, which...

  • WASHINGTON, Jan 15- The Federal Reserve was worried that leaks of its confidential discussions in 2010 exposed it to charges of insider trading and raised questions over its credibility, according to transcripts of meetings released on Friday. The transcripts made no mention of Meyer or his firm at the time, Macroeconomic Advisors, but did show that then Fed...

  • NEW YORK, Jan 14- A U.S. appeals court on Thursday rejected the appeal of a former executive of Foundry Networks Inc who was sentenced to 6-1/ 2 years in prison after being convicted for leaking inside information about the company to a hedge fund analyst. But a three-judge panel of the 2nd U.S. Circuit Court of Appeals in New York said Riley "mistakenly" relied on the...