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Crime Investment Fraud

  • 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.

  • March 7- A former suburban New York development corporation director pleaded guilty to defrauding investors on Tuesday, marking what prosecutors said was believed to be the first-ever conviction for federal securities fraud in connection with municipal bonds. Aaron Troodler, 42, former executive director of the Ramapo Local Development Corp in Ramapo,...

  • NEW YORK, March 3- A federal judge on Friday rejected Galleon Group hedge fund founder Raj Rajaratnam's bid to void much of his insider trading conviction and shorten his 11- year prison sentence. District Judge Loretta Preska, in Manhattan, said Rajaratnam failed to show his actual innocence on five of the 14 counts on which he was convicted, or that two other...

  • AUSTIN, Texas, March 2- A federal judge in Texas dismissed securities fraud charges on Thursday leveled against state Attorney General Ken Paxton, saying he did not act illegally in his dealing with a technology company U.S. regulators have accused of defrauding investors. Paxton is also facing state security fraud charges for his relationship with the Texas...

  • NEW YORK, March 2- A federal judge has rejected Las Vegas gambler William "Billy" Walters' bid to dismiss criminal insider trading charges after an FBI agent admitted to leaking details about the probe to reporters. The judge also rejected Walters' argument that the FBI agent, David Chaves, might have leaked information about other white-collar cases, and that this "...

  • March 1- Three months after the U.S. Supreme Court upheld his decision in a major insider trading case, a federal judge called on the new Congress to pass a law that simplifies and broadens the definition of when trading on confidential information is illegal. District Judge Jed Rakoff in Manhattan said the United States has "fallen behind" Europe in failing to...

  • March 1- Three months after the U.S. Supreme Court upheld his decision in a major insider trading case, a federal judge called on the new Congress to pass a law that simplifies and broadens the definition of when trading on confidential information is illegal. District Judge Jed Rakoff in Manhattan said the United States has "fallen behind" Europe in failing to...

  • WASHINGTON, March 1- The Security and Exchanges Commission said on Wednesday it froze assets of traders using brokerage accounts in London and Singapore to obtain more than $3.6 million in possibly illegal profits before the announcement that SoftBank Group Corp agreed to acquire Fortress Investment Group.

  • NEW YORK, Feb 24- Criminal charges against top executives of Platinum Partners for running the $1.4 billion hedge fund firm like a Ponzi scheme have revived an old question for investors: Where was the board? Donald Seymour and David Bree of Cayman-based DMS Governance Ltd were directors for Platinums troubled Value Arbitrage Fund. Spokesmen for the SEC and...

  • NEW YORK, Feb 24- Criminal charges against top executives of Platinum Partners for running the $1.4 billion hedge fund firm like a Ponzi scheme have revived an old question for investors: Where was the board? Donald Seymour and David Bree of Cayman-based DMS Governance Ltd were directors for Platinums troubled Value Arbitrage Fund. Spokesmen for the SEC and...

  • NEW YORK, Feb 23- The former chief executive officer of Comverse Technology Inc, who returned to the United States last year after spending a decade in Namibia to avoid prosecution, was sentenced to 2-1/ 2 years in prison on Thursday for engaging in securities fraud. Jacob "Kobi" Alexander, the Woodbury, New York- based software developer's founder, was sentenced by...

  • NEW YORK, Feb 23- The former chief executive officer of Comverse Technology Inc, who returned to the United States last year after spending a decade in Namibia to avoid prosecution, is scheduled to be sentenced on Thursday for engaging in securities fraud. Jacob "Kobi" Alexander, the Woodbury, New York- based software developer's founder, is expected to be sentenced...

  • 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 worked at Perella Weinberg Partners and JPMorgan Chase& Co, was sentenced by U.S. Stewart, who at trial contended his...

  • 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.