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Crime Investment Fraud

  • *Frankfurt prosecutors had offered deal to settle case. BERLIN/ FRANKFURT, Sept 14- Deutsche Boerse has agreed to pay fines totalling $12.5 million in a bid to draw a line under allegations of insider trading over share purchases by its chief executive Carsten Kengeter. In July, the German exchange operator said that the Frankfurt prosecutor had offered a deal to...

  • *Frankfurt prosecutors had offered deal to settle case. BERLIN/ FRANKFURT, Sept 14- Deutsche Boerse has agreed to pay fines totalling $12.5 million in a bid to draw a line under allegations of insider trading over share purchases by its chief executive Carsten Kengeter. In July, the German exchange operator said that the Frankfurt prosecutor had offered a deal to...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive offered a $5,000 reward for a strand of Hillary Clinton's hair. He had been free on a $5 million bail since his December 2015 arrest. District Judge Kiyo Matsumoto ruled that...

  • SAO PAULO, Sept 13- Brazil's federal police on Wednesday arrested the chief executive of JBS SA, the world's No. 1 meatpacker, accusing him of insider trading ahead of a plea bargain he signed this year whose disclosure pummeled the company's stock. The accusations could hurt a plea deal that both brothers signed in May in relation to a three-year graft probe that...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company offered a $5,000 reward for a strand of Hillary Clinton's hair. Shkreli, who had been free on $5 million bail since his December 2015 arrest, was silent and stony-faced as U.S. marshals led out...

  • NEW YORK— The Latest on former pharmaceuticals company CEO Martin Shkreli:. A defense attorney says he's disappointed in a judge's decision to revoke bail for former pharmaceuticals company CEO Martin Shkreli and jail him in New York while he awaits sentencing in a securities fraud case. A judge who revoked the bail of former pharmaceuticals company CEO...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive nicknamed the "Pharma Bro" offered a $5,000 reward for a strand of Hillary Clinton's hair. District Judge Kiyo Matsumoto in Brooklyn said the Sept. 4 post, which prompted a call from...

  • Sept 13- A U.S. judge on Wednesday ordered Martin Shkreli to be jailed while he awaits sentencing for securities fraud, citing a Facebook post in which the former drug company executive nicknamed the "Pharma Bro" offered a $5,000 reward for a strand of Hillary Clinton's hair. District Judge Kiyo Matsumoto in Brooklyn said the Sept. 4 post, which prompted a call from...

  • SAO PAULO, Sept 13- Brazil's federal police on Wednesday detained the chief executive officer of JBS SA, the world's No. 1 meatpacker, saying he used insider information to avoid hefty losses related to a plea bargain signed earlier this year. Wesley Batista, who has been at the helm of JBS since 2011, was detained under an arrest warrant against him and his younger...

  • SAO PAULO, Sept 13- Brazil's federal police detained JBS SA Chief Executive Officer Wesley Batista on Wednesday, as an investigation escalated into the role played by him and his younger brother in suspected insider trading ahead of a plea bargain deal with prosecutors. The disclosure of their plea bargain testimony, which involved key politicians, led to...

  • NEW YORK— Ex-pharmaceuticals company CEO Martin Shkreli has bail revoked in New York securities fraud case, heads to jail.

  • SAO PAULO, Sept 13- Brazil's federal police detained JBS SA Chief Executive Officer Wesley Batista early on Wednesday, as an investigation into his and his younger brother's role in potential insider trading ahead of a plea bargain deal with prosecutors escalated, two people with knowledge of the matter said. Earlier in the day, police issued a preventative...

  • BEIJING— The founder of a Chinese online peer-to-peer lender has been sentenced to life in prison on charges he defrauded investors of $7.7 billion in one of China's biggest financial scams. 1 Intermediate People's Court for "fundraising fraud," according to the official Xinhua News Agency. Two companies affiliated with Ezubo were fined a total of 1.9 billion...

  • NEW YORK— A judge jailed former pharmaceuticals company CEO Martin Shkreli on Wednesday after finding that he violated his bail on a securities fraud conviction with a social media posting she agreed posed a threat to Hillary Clinton. Defense attorneys had argued at a hearing in federal court in Brooklyn that the post by Shkreli, offering a $5,000 bounty to...

  • Sept 12- Former drug company executive Martin Shkreli on Tuesday apologized for a Facebook post that offered his followers a $5,000 reward for obtaining a strand of Hillary Clinton's hair, a post that led U.S. prosecutors to ask that he be jailed while he awaits sentencing for securities fraud. District Judge Kiyo Matsumoto, Shkreli, 34, said he did not mean to...

  • NEW YORK, Sept 12- A federal appeals court on Tuesday rejected a bid by famed Las Vegas sports gambler William "Billy" Walters on Tuesday to remain free while he appeals his conviction and five-year prison sentence for insider trading. The U.S. Court of Appeals for the 2nd Circuit in Manhattan denied Walters' motion to remain free on bail during his appeal only hours...

  • NEW YORK, Sept 12- A lawyer for famed Las Vegas sports gambler William "Billy" Walters on Tuesday urged a U.S. appeals court to let his client remain free while he appeals his conviction and five-year prison sentence for insider trading. Defense attorney Alexandra Shapiro told a three-judge panel of the U.S. Court of Appeals for the 2nd Circuit in Manhattan that...

  • Investors in Chinese online peer-to-peer lender Ezubao protest in Beijing on February 4, 2016.

    A Beijing court sentenced two men who led a 50 billion Chinese yuan ($7.6 billion) Ponzi scheme to life imprisonment on Tuesday, Xinhua reported.

  • NEW YORK, Sept 11- A federal judge in Manhattan on Monday refused to dismiss fraud charges against a former Platinum Partners hedge fund executive and a former union leader for New York City prison guards, who claimed their indictment was based on illegal wiretaps. The defendants, Murray Huberfeld and Norman Seabrook, said the indictment was based improperly on...

  • NEW YORK, Sept 8- U.S. prosecutors on Thursday asked a judge to jail Martin Shkreli while he awaits sentencing for securities fraud, after a Facebook post by the former drug company executive about Hillary Clinton prompted an investigation by the U.S. They pointed to a Sept. 4 Facebook post in which Shkreli offered $5,000 to followers who could grab a strand of...