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Crime Investment Fraud

  • 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.

  • NEW YORK, Dec 27- Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday. Iat Hong of Macau, Bo Zheng of Changsha, China, and Chin Hung of Macau were charged in an indictment filed in...

  • NEW YORK, Dec 27- Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday. Iat Hong of Macau, Bo Zheng of Changsha, China, and Chin Hung of Macau were charged in an indictment filed in...

  • NEW YORK, Dec 27- Three Chinese citizens have been criminally charged in the United States with trading on confidential corporate information obtained by hacking into networks and servers of law firms working on mergers, U.S. prosecutors said on Tuesday. Iat Hong of Macau, Bo Zheng of Changsha, China, and Chin Hung of Macau were charged in an indictment filed in...

  • Iat Hong, a 26- year-old Macau resident,, was arrested on Sunday in Hong Kong and charged along with Bo Zheng, of Changsha, China, and Chin Hung of Macau, with engaging in conspiracies to commit insider trading, wire fraud and computer intrusion in an indictment filed in federal court in Manhattan. Attorney Preet Bharara in Manhattan said in a statement the case "...

  • Iat Hong, Bo Zheng and Chin Hung were charged in an indictment filed in Manhattan federal court with engaging in conspiracies to commit insider trading, wire fraud and computer intrusion.

  • CHARGES THREE CHINESE CITIZENS WITH SCHEMING TO HACK LAW FIRM NETWORKS AND SERVERS FOR INSIDER TRADING- INDICTMENT.

  • IAT HONG, BO ZHENG AND CHIN HUNG CHARGED IN INDICTMENT FILED IN MANHATTAN FEDERAL COURT WITH INSIDER TRADING CONSPIRACY.

  • Dec 23- Halliburton Co on Friday said it had reached a $100 million settlement to resolve a long-running securities fraud class action lawsuit against the oilfield services provider that twice reached the U.S. Supreme Court. Halliburton said the company itself would pay $54 million of the $100 million settlement, while its insurer would fund the rest.

  • LONDON, Dec 23- European shares were steady on Friday with the focus on lenders after Deutsche Bank and Credit Suisse settled mortgage securities fraud suits in the United States, and Italy's Monte dei Paschi agreed to a bailout. The STOXX Europe 600 was flat at its close and unchanged for the week, but the index still on track for its best month since October 2015.

  • LONDON, Dec 23- European shares edged up on Friday, buoyed by the banking sector after Deutsche Bank and Credit Suisse settled mortgage securities fraud suits with the United States, and as Italy's Monte dei Paschi agreed to a bailout. The STOXX Europe 600 was up 0.1 percent at 0950 GMT, flat for the week but still set for its best month since October 2015.

  • LONDON, Dec 23- European shares edged up on Friday, buoyed by the banking sector after Credit Suisse and Deutsche Bank settled mortgage securities fraud suits with the United States, and as Italy's Monte dei Paschi agreed to a bailout. The STOXX Europe 600 was up 0.1 percent at 0811 GMT, with banks up 0.4 percent, the top sectoral riser. It agreed to a $7.2 billion...

  • Barclays: Will seek dismissal of suit

    Department of Justice sues Barclays to recover civil penalties from fraudulent activity. CNBC's Eamon Javers reports on Barclay's response to the matter.

  • NEW YORK, Dec 21- The U.S. Justice Department's internal watchdog has opened a criminal probe of an FBI agent's leaks to journalists about an insider trading probe involving a Las Vegas sports gambler and professional golfer Phil Mickelson, a prosecutor said on Wednesday. Joan Loughnane, chief counsel for Manhattan U.S. Attorney Preet Bharara, disclosed the...

  • NY pension fund bribery: Sex & drugs pay to play

    CNBC's Eamon Javers reports the latest surrounding the NY pension bribery scheme.

  • *Mark Lyttleton made 35,000 stg from two illegal trades. LONDON, Dec 21- A former star fund manager in the London office of asset manager BlackRock on Wednesday was sentenced to 12 months in jail after pleading guilty to two counts of insider dealing. The Financial Conduct Authority, Britain's markets regulator, said he made a net profit of about 35,000 pounds by...

  • Goldman to pay CFTC penalty of $120M

    CNBC's Eamon Javers reports that the CFTC is ordering Goldman Sach to pay a penalty for attempted manipulation of rate swaps.

  • NY retirement fund manager charged with 'pay to play'

    CNBC's Dominic Chu reports that a fixed income portfolio manager for the New York state retirement fund took bribes to steer business to broker-dealers.