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Crime Investment Fraud

  • 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.

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Led by Mark Nordlicht, Platinum was known for years for producing exceptionally high returns--...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running a $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Led by Mark Nordlicht, Platinum was known for years for producing exceptionally high returns--...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Mark Nordlicht, Platinum's founding partner and chief investment officer, was...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Mark Nordlicht, Platinum's founding partner and chief investment officer, was...

  • NEW YORK, Dec 19- Top executives of New York- based hedge fund manager Platinum Partners were arrested on Monday and charged with running an approximately $1 billion fraud that federal prosecutors said became "like a Ponzi scheme" as its largest investments lost much of their value. Nordlicht, Platinum's 48- year-old founding partner and chief investment...

  • PROSECUTORS CHARGE PLATINUM PARTNERS CEO NORDLICHT AND SIX OTHERS WITH SECURITIES FRAUD.

  • David Demos, 35, was charged with securities fraud in an indictment filed in federal court in New Haven, Connecticut, becoming the latest trader to face charges for cheating customers on prices of mortgage-backed securities. Prosecutors said Demos, a trader and managing director at Cantor Fitzgerald from November 2011 to February 2013, defrauded customers...