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Crime Investment Fraud

  • NEW YORK, Feb 17- A former Wall Street investment banker was sentenced to three years in prison on Friday after he was convicted of engaging in insider trading by repeatedly tipping his father off to unannounced healthcare mergers. Sean Stewart, who previously worked at Perella Weinberg Partners and JPMorgan Chase& Co, was sentenced by U.S.

  • NEW YORK, Feb 17- A former Wall Street investment banker was sentenced to three years in prison on Friday after he was convicted of engaging in insider trading by repeatedly tipping his father off to unannounced healthcare mergers. Sean Stewart, who previously worked at Perella Weinberg Partners and JPMorgan Chase& Co, was sentenced by U.S.

  • District Judge Kevin Castel in Manhattan to forfeit $19.04 million, after pleading guilty last summer to securities fraud and conspiracy charges. Both sentencings came after Jason Galanis, a former Los Angeles investment banker once dubbed "Porn's New King," was sentenced to 135 months in prison by Castel on Wednesday. David Touger, a lawyer for John Galanis,...

  • *Plans to create 300 jobs in Frankfurt. FRANKFURT, Feb 16- The head of Deutsche Boerse said insider trading allegations against him were unfounded, pointing out that he did not determine the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange. In December 2015 Deutsche Boerse allowed him to invest 4.5 million...

  • *Plans to create 300 jobs in Frankfurt. FRANKFURT, Feb 16- Deutsche Boerse's chief executive said insider trading allegations against him would prove unfounded, pointing out that he did not determine the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange. Deutsche Boerse's supervisory board created a unique...

  • *Plans to create 300 jobs in Frankfurt. FRANKFURT, Feb 16- Deutsche Boerse's chief executive said insider trading allegations against him would prove unfounded, pointing out that he did not determine the timing of his share purchases ahead of the announcement of merger plans with the London Stock Exchange. Deutsche Boerse's supervisory board created a unique...

  • Feb 15- U.S. prosecutors have subpoenaed one of the women who claims she was sexually harassed by former Fox News chairman Roger Ailes, and compelled her to testify before a federal grand jury, her lawyer said on Wednesday. New York City lawyer Judd Burstein said his client had received the subpoena on Monday from the securities fraud unit of the U.S.

  • Feb 15- U.S. prosecutors have subpoenaed one of the women who claims she was sexually harassed by former Fox News chairman Roger Ailes, and compelled her to testify before a federal grand jury, her lawyer said on Wednesday. New York City lawyer Judd Burstein said his client had received the subpoena on Monday from the securities fraud unit of the U.S.

  • Feb 15- A former Los Angeles investment banker was sentenced to more than 11 years in prison by a federal judge on Wednesday for his role in a stock manipulation scheme, resolving one of two criminal cases facing the man once dubbed "Porn's New King." Jason Galanis, 46, admitted last year to securities fraud, investment adviser fraud and two conspiracy charges in...

  • The SEC said it also obtained a court order freezing five brokerage accounts controlled by Shaohua "Michael" Yin, 44, a partner at Hong Kong- based Summitview Capital Management Ltd and graduate of the University of Pennsylvania's Wharton School. The defendant, who has homes in Beijing and Palo Alto, California, was charged a week after the FBI executed a search...

  • WASHINGTON, Feb 10- The U.S. Securities and Exchange Commission said on Friday it had filed civil securities fraud charges against five Chinese citizens for alleged insider trading ahead of the April 2016 acquisition of DreamWorks Animation SKG Inc by Comcast Corp.. The SEC said in a statement it had also won a court order freezing brokerage accounts holding...

  • Songjiang Wang, who Cambridge, Massachusetts- based Merrimack has employed as director of statistical programming since 2011, was charged with conspiring to commit securities fraud in a criminal complaint filed in federal court in Boston. He was arrested after prosecutors brought related charges in June against Schultz Chan, who had been the director of...

  • Wells said Cooperman would now be willing to be deposed by the SEC. The SEC alleged that Omega had improperly traded in options after Cooperman discovered the planned sale of a gas processing unit. The SEC had alleged that Cooperman was a big shareholder in the company and used his position to obtain confidential information about the sale that other investors...

  • Feb 7- A U.S. judge in Philadelphia on Tuesday delayed ruling on whether to throw out an insider trading case against billionaire Leon Cooperman and his firm, Omega Advisors in an ongoing crackdown on illegal trading at hedge funds. The oral arguments followed a civil complaint by the SEC last September, charging the 73- year-old stock picker and his...

  • FRANKFURT, Feb 2- German police and prosecutors investigating possible insider trading by the head of Deutsche Boerse have searched the office and apartment of the man who is leading a planned merger with the London Stock Exchange. State prosecutors in Frankfurt said the investigation centred on whether secret merger talks with the London Stock Exchange...

  • FRANKFURT, Feb 2- German prosecutors said on Thursday they were investigating how far merger talks between Deutsche Boerse and the London Stock Exchange had advanced by the time Boerse's chief executive bought 4.5 million euros worth of shares in his company. The Frankfurt prosecutor's office said it suspected that Kengeter already knew about the...

  • NEW YORK, Jan 30- A former analyst at Michael Dell's New York- based investment fund was convicted of insider trading on Monday, just a week after he was arrested for refusing to come to court to face trial. John Afriyie, 29, was found guilty by a federal jury in Manhattan of securities fraud and wire fraud for misusing secret information about a deal that MSD Capital,...

  • NEW YORK, Jan 30- A former analyst at Michael Dell's New York- based investment fund was convicted of insider trading on Monday, just a week after he was arrested for refusing to come to court to face trial.

  • NEW HAVEN, Conn., Jan 27- A federal jury on Friday found former Jefferies Group bond trader Jesse Litvak guilty on one count of securities fraud for cheating his customers on bond prices, but acquitted him on nine other counts. The verdict by jurors in New Haven, Connecticut, is a mixed result for prosecutors in their effort to crack down on suspicious sales tactics on...

  • NEW HAVEN, Conn., Jan 25- The U.S. jury weighing whether a former Jefferies Group LLC bond trader cheated his customers on bond prices signaled it may be near a verdict, despite being deadlocked on two of the 10 securities fraud counts the defendant faced. "I read it as if they have a partial verdict; I don't know that," Chief Judge Janet Hall told the defendant Jesse Litvak,...