Crime Investment Fraud

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  • WASHINGTON, June 16- The U.S. Securities and Exchange Commission said on Thursday that it had charged with insider trading a former SAP America executive and three friends who made more than $500,000 based on his illegal tip about an impending merger.

  • *U.S. says Sanjay Valvani got tips leaked from within FDA. NEW YORK, June 15- A Manhattan hedge fund manager was charged on Wednesday with trading on confidential tips about drug approvals, in one of the biggest insider trading cases since a 2014 court ruling made it harder for U.S. prosecutors to pursue them. Attorney Preet Bharara in Manhattan accused Sanjay...

  • NEW YORK, June 15- A portfolio manager at hedge fund Visium Asset Management LP was criminally charged on Wednesday with insider trading, in one of the biggest such cases since a 2014 court ruling made it harder for U.S. prosecutors to pursue them. Attorney Preet Bharara in Manhattan accused Sanjay Valvani of fraudulently making at least $25 million off tips from...

  • NEW YORK, June 15- A portfolio manager at hedge fund Visium Asset Management LP was criminally charged on Wednesday with insider trading, in one of the biggest such cases since a 2014 court ruling made it harder for prosecutors to pursue them. Attorney Preet Bharara in Manhattan, whose office announced the charges, accused Sanjay Valvani of trading on tips from a...

  • Women in vegas walking across a lit area

    Two hedge fund managers have been indicted for allegedly selling fake stock shares to fund casino and gentlemen's club visits, The Verge reports.

  • Shkreli trial likely in early 2017

    CNBC's Kate Kelly reports the latest updates regarding the case against Martin Shkreli.

  • Martin Shkreli, former chief executive officer of Turing Pharmaceuticals and KaloBios Pharmaceuticals Inc, arrives at a U.S. Federal Court in New York, June 6, 2016.

    CNBC's Kate Kelly reports the latest on the securities fraud and conspiracy case against Martin Shkreli.

  • Shkreli back in court

    CNBC's Kate Kelly reports on the latest in the case against Martin Shkreli's on several counts of conspiracy and securities fraud.

  • NEW YORK, June 3- U.S. prosecutors have agreed to a rare settlement refund of $6 million to hedge fund Diamondback Capital Management LLC after a ruling by a 2014 federal appeals court made pursuing insider trading cases tougher, according to court papers. Stamford, Connecticut- based Diamondback, which at one time had roughly $5 billion of assets under...

  • NEW YORK, June 3- U.S. prosecutors have agreed to make a rare settlement refund of $6 million to hedge fund Diamondback Capital Management LLC after a ruling by a 2014 federal appeals court made pursuing insider trading cases tougher, according to court papers. In documents filed on Friday in federal court in Manhattan, the office of U.S. Attorney Preet Bharara...

  • PROSECUTORS TO REFUND HEDGE FUND DIAMONDBACK CAPITAL MANAGEMENT $6 MLN INSIDER TRADING SETTLEMENT- COURT FILING.

  • NEW YORK, June 2- A Harvard University graduate has been criminally charged with fraudulently causing almost $20 million of losses for clients after falsely touting her currency trading prowess and using new money to make Ponzi-like payments to earlier investors. The U.S. Department of Justice charged Haena Park, a founder of Phaetra Capital GP and its...

  • NEW YORK, June 2- A Harvard University graduate has been criminally charged with fraudulently causing almost $20 million of losses for clients after falsely touting her currency trading prowess and using new money to make Ponzi-like payments to earlier investors. The U.S. Department of Justice charged Haena Park, a founder of Phaetra Capital GP and its...

  • ZURICH, May 30- A former Swiss fund manager accused of cheating 2,000 investors out of an estimated 800 million Swiss francs went on trial on Monday, more than a decade after his investment empire collapsed. Dieter Behring, 61, is accused of securities fraud and money laundering, with proceedings scheduled over the next five weeks at the Swiss Criminal Court in...

  • May 26- Nearly 7-1/ 2 years after Bernard Madoff's Ponzi scheme was unmasked, the court-appointed trustee recouping money for the swindler's victims on Thursday sought court approval to free up another $247 million to help cover their losses. Bankruptcy Judge Stuart Bernstein is expected to review the payout at a June 15 hearing in Manhattan.

  • Kermit Washington

    Investigators say Kermit Washington used his charity to fund personal expenses, trips and jewelry purchases.

  • Bank of America $1.27 billion fine overturned

    A U.S. appeals court threw out Bank of America's $1.27 billion penalty in a fraud case. CNBC's Diana Olick reports the details.

  • BEIJING, May 20- China's government has approved a plan to clean up the country's online financial sector, according to people with direct knowledge of the matter, including rules to limit the activities of P2P lending firms, the source of recent fraud scandals. The plan, drafted by China's central bank, follows a mid-April video-conference with 14 ministries...

  • Executive Edge: Insider trading charges

    CNBC's Eamon Javers reports on the U.S. government's insider trading charges against the former chairman of Dean Foods and Las Vegas sports gambler Billy Walters. Golfer Phil Michelson is named as a "relief defendant."

  • BEIJING, May 20- China's government has approved a sweeping plan to clean up the country's online financial sector, according to sources with direct knowledge of the matter, including rules to limit the activities of P2P lending firms, the source of recent fraud scandals. The government plan, which was drafted by China's central bank, follows a mid-April...