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Crime Investment Fraud

  • 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,...

  • NEW HAVEN, Conn., Jan 25- The U.S. jury weighing whether former Jefferies Group bond trader Jesse Litvak fraudulently cheated his customers on bond prices was struggling on Wednesday to reach a verdict, appearing to have 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...

  • NEW YORK, Jan 24- A former analyst at Michael Dell's New York- based investment fund went on trial on Tuesday for insider trading, a day after being arrested for refusing to show up in court. John Afriyie, 29, misused secret information about a deal that MSD Capital, named for the Dell Inc founder, was mulling whether to finance, turning a roughly $24,000 investment...

  • Fraud in China is on the up

    However, the silver lining is that fraud awareness has also increased among respondents, says Violet Ho at Kroll.

  • NEW YORK, Jan 23- A former analyst at the investment fund of Dell Inc founder Michael Dell was arrested on Monday after he refused to show up for trial to face charges that he made $1.5 million engaging in insider trading. District Judge Paul Engelmayer in Manhattan earlier in the day issued a bench warrant for John Afriyie, a former employee of MSD Capital, after a...

  • NEW YORK, Jan 23- A former analyst at the investment fund of Dell Inc founder Michael Dell was arrested on Monday after he refused to show up for trial to face charges that he made $1.5 million engaging in insider trading. District Judge Paul Engelmayer in Manhattan earlier in the day issued a bench warrant for John Afriyie, a former employee of MSD Capital, after a...

  • STOCKHOLM, Jan 23- Fingerprint Cards said on Monday its former chief executive and a board member had been arrested on suspicion of insider trading ahead of a profit warning by the biometric technology group in December. The Swedish Economic Crime Authority said it had carried out house searches and arrested two people on suspicion of aggravated insider...

  • NEW YORK, Jan 23- A U.S. judge ordered the arrest of a former analyst at Dell Inc founder Michael Dell's investment fund on Monday after he refused to show up for trial to face charges that he made $1.5 million engaging in insider trading. District Judge Paul Engelmayer in Manhattan issued a bench warrant for John Afriyie, a former MSD Capital employee, after a...

  • NEW YORK, Jan 19- A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York- based hedge fund's closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob Gottlieb when he worked at the hedge fund, was found...

  • NEW YORK, Jan 19- A former Los Angeles investment banker once dubbed "Porn's New King" pleaded guilty on Thursday for the second time in a year to engaging in securities fraud, admitting to participating in a scheme that cheated investors and a Native American tribe. Jason Galanis, 46, entered his plea in Manhattan federal court to charges that included securities...

  • NEW YORK, Jan 19- A former portfolio manager at Visium Asset Management LP was convicted of securities fraud on Thursday, following a trial that stemmed from a federal investigation that led to the New York- based hedge fund's closure last year. Stefan Lumiere, whose sister was married to Visium founder Jacob Gottlieb when he worked at the hedge fund, was found not...

  • District Judge Nathaniel Gorton in Boston to pay a $200,000 fine and forfeit $242,500 after a jury in October found him guilty on conspiracy and securities fraud charges, prosecutors said. Prosecutors said that by late 2012, Kanodia, who lives in Brookline, Massachusetts, had learned details about a planned merger between India- based Apollo and Cooper Tire...

  • MASSACHUSETTS TOP SECURITIES REGULATOR SAYS SEEKS TO BAR MC2 CAPITAL PARTNERS FUND IN' PONZI' SCHEME ALLEGATION.

  • District Judge Katherine Polk Failla in Manhattan to pay a $10,000 fine and jointly with the plumber forfeit $76,000 after pleading guilty in July to conspiracy and securities fraud charges. In court, McClatchey saying he had provided the insider tips to ingratiate himself with the plumber, Gary Pusey, in hopes of getting a "simpler, less stressful" job outside...

  • NEW YORK, Jan 11- A former director at Barclays Plc was sentenced on Wednesday to five months in a U.S. prison for repeatedly tipping off a friend who worked as a plumber to impending mergers underway at the bank so that the friend could engage in insider trading. Steven McClatchey, 58, was also ordered by U.S. District Judge Katherine Polk Failla to pay a $10,000 fine...

  • WASHINGTON, Jan 4- Volkswagen AG and former Chief Executive Officer Martin Winterkorn must defend an investor lawsuit in California over the company's diesel emissions cheating scandal, a U.S. judge ruled on Wednesday. District Judge Charles Breyer also rejected a request by VW brand chief Herbert Diess to have the proposed securities fraud lawsuits tossed...

  • David Chaves, a Federal Bureau of Investigation coordinating supervisory special agent, was identified in court papers filed by federal prosecutors in Manhattan as the agent they say leaked details about the probe of gambler William "Billy" Walters.