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Crime Investment Fraud

  • 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...

  • David Demos, 35, was charged in an indictment filed in federal court in New Haven, Connecticut, with securities fraud, becoming the latest trader to face charges for cheating customers on prices of mortgage-backed securities.

  • David Damos, 35, was charged in an indictment filed in federal court in New Haven, Connecticut, with securities fraud, becoming the latest trader to face charges for cheating customers on prices of mortgage-backed securities.

  • EX-CANTOR FITZGERALD MORTGAGE BOND TRADER INDICTED IN UNITED STATES FOR SECURITIES FRAUD: PROSECUTORS.

  • Dec 6- The U.S. Supreme Court on Tuesday made it easier to prosecute insider trading cases, ruling that tipsters who provide confidential information that enables friends and family to profit do not need to get something in return to have broken the law. In the court's first insider trading ruling in two decades, the justices by an 8-0 vote upheld the 2013...

  • The justices, in an 8-0 decision, upheld the 2013 conviction of Bassam Salman, a Chicago man who made nearly $1.2 million trading on non-public information that came from his brother-in-law at Citigroup Inc. It was the court's first ruling in an insider trading case in two decades. The ruling was a major victory for securities regulators and prosecutors, who for...

  • District Judge Cecilia Altonaga said the SEC has already made an example of former budget director Michael Boudreaux in its first municipal securities fraud case to go to trial. Though a jury found Boudreaux acted with severe recklessness, he did not gain financially from his conduct, Altonaga said, adding that the fine the SEC was seeking appeared "...

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information. The justices, in an 8-0 decision, ruled against Bassam Salman, who was appealing a 2013 conviction stemming...

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information. The justices, in an 8-0 decision, ruled against Bassam Salman, who was appealing a 2013 conviction stemming...

  • Dec 6- The U.S. Supreme Court, ruling in an insider trading case for the first time in two decades, on Tuesday upheld a Chicago man's conviction in a decision that could make it easier to prosecute people accused of profiting from confidential information.

  • Jonathan Ly, 28, entered his plea in federal court in Seattle to one count of securities fraud stemming from an insider trading scheme that prosecutors said netted the San Francisco resident $331,000. He also reached a $375,907 settlement with the U.S. Securities and Exchange Commission. Ly is deeply sorry for the activity he engaged in and the people and...

  • Jonathan Ly, 28, entered his plea in federal court in Seattle to one count of securities fraud stemming from an insider trading scheme that prosecutors said netted the San Francisco resident $331,000. As part of a plea deal, Ly agreed to repay Expedia the $81,592 it spent investigating the computer intrusion. He also reached a $375,907 settlement with the U.S....

  • Irfan Amanat, 45, was charged in a complaint filed in Manhattan federal court with conspiracy, securities fraud and wire fraud stemming from a scam prosecutors said he engaged in with his brother. Irfan Amanat, who a decade ago was the subject of a U.S. Securities and Exchange Commission case related to his time as chief technology officer of Tradescape Corp, was...

  • NEW YORK, Nov 30- Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in the drugmaker Elan Corp, who said they lost money because of insider trading by one of his portfolio managers. The preliminary class-action settlement with SAC, now known as Point72 Asset Management LP, was filed on...

  • NEW YORK, Nov 30- Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP will pay $135 million to settle a lawsuit by investors in Elan Corp, who said they lost money on the drugmaker due to insider trading by one of his portfolio managers. It resolves class-action claims over an estimated $275 million of illegal gains that Mathew Martoma, who...

  • NEW YORK, Nov 30- Billionaire Steven A. Cohen's former hedge fund SAC Capital Advisors LP has agreed to pay $135 million to resolve a lawsuit by shareholders of Elan Corp, who claimed they lost money because it engaged in insider trading in the drugmaker's stock.

  • NEW YORK, Nov 30- U.S. President-elect Donald Trump will meet on Wednesday with Preet Bharara, the top federal prosecutor in Manhattan known for pursuing a series of high-profile cases targeting insider trading and public corruption. A spokeswoman for Bharara, who was appointed to his position by Democratic President Barack Obama in 2009, confirmed he would...

  • NEW YORK, Nov 30- U.S. President-elect Donald Trump will meet on Wednesday with Preet Bharara, the top federal prosecutor in Manhattan known for pursuing a series of high-profile cases targeting insider trading and public corruption. A spokeswoman for Bharara, who was appointed to his position by Democratic President Barack Obama in 2009, confirmed he would...

  • NEW YORK, Nov 30- U.S. President-elect Donald Trump will meet on Wednesday with Preet Bharara, the top federal prosecutor in Manhattan known for pursuing a series of high-profile cases targeting insider trading and public corruption. A spokeswoman for Bharara, who was appointed to his position by Democratic President Barack Obama in 2009, confirmed he would...