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Crime Investment Fraud

  • Avaneesh Krishnamoorthy, an Indian citizen living in West New York, New Jersey, made about $48,000 trading Neustar stock and options in a brokerage account held by him and his wife, after learning that Golden Gate Capital was in talks to buy the company, court papers show. Shares of Neustar rose 21 percent last Dec. 14 after Golden Gate's takeover of the Sterling,...

  • The replacement of the bus of the Borussia Dortmund football team that was targeted in a bomb attack is seen during a reconstruction of the April 11 event

    German police have arrested a 28-year-old market trader suspected of being responsible for an attack on the Borussia Dortmund football team.

  • April 19- Martin Shkreli, the former drug company executive who drew public outcry when he raised the price of a life-saving drug by 5,000 percent, will be tried for securities fraud separately from a lawyer charged alongside him, a Brooklyn federal judge ruled Wednesday. Both Shkreli and lawyer Evan Greebel, who worked for Shkreli's former company Retrophin...

  • EASTON, Pa.— A Pennsylvania judge has awarded $6.5 million to five families who lost money in what authorities called a Ponzi scheme. Northampton County Judge Michael Koury's verdict Tuesday ended a civil court battle stemming from the collapse of the Blue Mountain Consumer Discount Co. loan agency, which was raided by the FBI in 2011.. Company manager Walter "...

  • NEW YORK, April 19- An elected official of a New York City suburb faces trial on Wednesday in what authorities have called the first criminal securities fraud case involving municipal bonds. Christopher St. Lawrence, the elected supervisor of Ramapo, New York, has been charged with securities fraud, wire fraud and conspiracy. Lawrence in April 2016 along with...

  • April 18- The U.S. Securities and Exchange Commission on Tuesday suffered a rare loss before one of its own judges, who dismissed a case accusing an Atlanta real estate investor of insider trading. SEC Administrative Law Judge James Grimes found no evidence that Charles Hill gained $744,000 of illegal profit in shares of Radiant Systems Inc in 2011 after...

  • Robert De Niro in "The Wizard of Lies."

    "The Wizard of Lies" stars Robert De Niro as Madoff and Michelle Pfeiffer as his wife, Ruth Madoff.

  • April 6- An attorney defending Las Vegas sports gambler William "Billy" Walters against insider trading charges told jurors on Wednesday that prosecutors introduced testimony about star golfer Phil Mickelson to cover up the weakness of their case. In a closing argument in Manhattan federal court, lawyer Barry Berke said prosecutors brought in evidence...

  • April 5- A U.S. prosecutor on Wednesday urged jurors in Manhattan federal court to convict Las Vegas sports gambler William "Billy" Walters on insider trading charges, describing a pattern of "repeated conduct that can only be described as brazen." Attorney Brooke Cucinella said Walters' trading and phone records proved that he traded in Dean Foods Co stock based...

  • Cooperman and his firm Omega Advisors Inc are seeking to reverse a March 20 ruling that let the SEC pursue civil claims that Cooperman and Omega reaped about $4.09 million of profit in 2010 by trading in Atlas Pipeline Partners LP based on confidential tips from an Atlas executive about a planned asset sale. The SEC did not immediately respond on Wednesday to...

  • March 28- Signet Jewelers Ltd has been hit with a securities fraud class action lawsuit, accusing the retailer of failing to disclose facts regarding sexual harassment allegations against executives at its Sterling Jewelers unit, court documents showed. The lawsuit, filed on Tuesday in Dallas federal court by Irving Firemen's Relief& Retirement Fund,...

  • Donald Trump

    This regulation would help investment advisors sniff out suspicious financial activity, although its fate is uncertain.

  • March 27- A lawyer defending Platinum Partners founder Mark Nordlicht against fraud charges said on Monday an FBI agent who admitted to leaking to the press on an insider trading probe of sports gambler William "Billy" Walters may also have leaked about Platinum. District Judge Dora Irizarry, lawyer William Burck said he planned to file a motion related to the...

  • David Enrich, "The Spider Network" author, talks about one of the biggest financial scandals in history, the manipulation of the London Interbank Offered Rate.

  • District Judge Juan Sanchez in Philadelphia said the SEC had "pleaded a plausible claim" that Cooperman and Omega reaped about $4.09 million of illegal profit in 2010 through insider trading in Atlas Pipeline Partners LP. The judge separately dismissed SEC claims that Cooperman failed to file required reports about his stakes in eight public companies,...

  • David Hobson, 48, was sentenced in federal court in Manhattan by U.S. District Judge Laura Taylor Swain, who recommended Hobson serve his sentence at a halfway house. Prosecutors charged that Hobson, a Providence, Rhode Island resident, began his insider trading in 2008 while working at Royal Bank of Canada unit RBC Capital Markets and continued at Oppenheimer&...

  • March 15- The lawyer defending Las Vegas sports gambler William "Billy" Walters against insider trading charges said the U.S. government's key witness, former Dean Foods Co Chairman Tom Davis, turned on his client to win a sweetheart deal for himself. "The only thing Billy Walters is guilty of is being friends with and trusting Tom Davis," lawyer Barry Berke said in...

  • Robert Schulman, who worked at the time at Hunton& Williams in Washington, D.C., was convicted of securities fraud and conspiracy jurors in Brooklyn federal court after about 4-1/ 2 hours of deliberations. Schulman, of McLean, Virginia, was a partner at the law firm Arent Fox in Washington, D.C. at the time of his arrest last August, and was later put on leave.

  • Heinz Co director's security guard was charged on Wednesday with insider trading in the ketchup maker's stock and options before Heinz was bought in 2013 by Brazil's 3 G Capital and Warren Buffett's Berkshire Hathaway Inc.. In a complaint filed in Manhattan federal court, the U.S. Securities and Exchange Commission said Todd David Alpert made $43,873 of...

  • The investor EB-5 visa program is set to expire

    Abteen Vaziri, director of Greystone EB-5, talks about concerns over fraud related to the EB-5 visa program in the U.S. and potential reforms.