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Crime Investment Fraud

  • Authorities said Brett Kennedy gave fellow University of Washington alumnus Maziar Rezakhani nonpublic information from Amazon's database, showing that the retailer would lose less money and report higher revenue for the first quarter of 2015 than Wall Street expected, in exchange for $10,000 cash. In a related civil case, the U.S. Securities and Exchange...

  • Craig Carton arrested in alleged ponzi scheme

    WNBC’s Jonathan Dienst reports the latest on sports talk radio host Craig Carton getting arrested this morning for allegedly raising money from investors for business, but using the money to pay off gambling debts instead.

  • Time is ripe for post-storm fraud. Here's how to protect yourself

    CNBC's Scott Cohn reports on ways consumers can protect themselves from all forms of fraud, including insurance, fake charities and crooked contractors.

  • Azeri President Ilham Aliyev attends a press conference after a meeting with Latvian counterpart at the Riga castle, Latvia, on July 17, 2017. Ilham Aliyev is on an official visit to Latvia.

    Azerbaijan’s ruling elite ran a secret $2.8 billion slush fund for two years to pay off European politicians and pay for luxury purchases, an investigation has shown.

  • Evan Kita, 27, of Yardley, Pennsylvania, a former accountant at Celator Pharmaceuticals Inc, pleaded guilty to securities fraud and conspiracy counts, the U.S. Department of Justice said. Prosecutors said Kita tipped his friends Daniel Perez, 28, and Richard Yu, 27, and that Richard Yu tipped his father, Chiang Yu, 55.. Richard and Chiang Yu, both of Pennington, New...

  • Dawn Bennett, who hosted "Financial Myth Busting with Dawn Bennett," diverted about half of what she raised in a 2-1/ 2 year scheme to repay earlier investors, buy luxuries including many dozen pairs of shoes and pay back rent to the Dallas Cowboys for a luxury suite at AT&T Stadium, authorities said. The SEC filed related civil charges on Friday against Bennett and...

  • Elder financial abuse and fraud is a growing problem. Here's how to protect your loved ones.

  • NEW YORK, Aug 23- A divided federal appeals court on Wednesday upheld the insider trading conviction of Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen's SAC Capital Advisors LP, after the U.S. Supreme Court made such cases easier to pursue. The 2nd U.S. Circuit Court of Appeals in Manhattan found "overwhelming" evidence that a Michigan...

  • NEW YORK, Aug 23- A federal appeals court on Wednesday upheld the insider trading conviction of Mathew Martoma, a former portfolio manager for billionaire Steven A. Cohen's SAC Capital Advisors LP, after the U.S. Supreme Court made such cases easier to pursue. In a 2-1 vote, the 2nd U.S. Circuit Court of Appeals in Manhattan found "overwhelming" evidence that a...

  • NEW YORK, Aug 23- A divided federal appeals court on Wednesday upheld the 2014 conviction of former SAC Capital Advisors LP portfolio manager Mathew Martoma for insider trading, after the U.S. Supreme Court made such cases easier to pursue. In a 2-1 decision, the 2nd U.S. Circuit Court of Appeals in Manhattan rejected Martoma's argument that the jury instructions...

  • Aug 23- A divided federal appeals court on Wednesday upheld the insider trading conviction of Mathew Martoma, a former SAC Capital Advisors LP portfolio manager, rejecting his claims that there was inadequate evidence of guilt and that the jury instructions were defective. Martoma, who worked at SAC's CR Intrinsic Investors unit, was convicted of receiving...

  • "We are pleased to have resolve this matter," Deerfield spokesman Jonathan Gasthalter said. The SEC's charges are related to a criminal insider trading case filed in May against four people, including Rob Olan and Ted Huber, who were mostly recently partners at Deerfield. A former Deerfield member who was also charged, Jordan Fogel, previously pleaded guilty.

  • BOSTON, Aug 16- A former Eaton Vance Corp portfolio manager was sentenced to 1-1/ 2 years in prison on Wednesday for engaging in a fraudulent options trading scheme that prosecutors said had netted him more than $1.5 million in profits. District Judge Indira Talwani in Boston after pleading guilty in May to one count of securities fraud. Amell, who must also pay...

  • NEW YORK, Aug 16- U.S. authorities on Wednesday announced insider trading charges accusing seven people of generating more than $5 million of profit based on tips from a Bank of America Corp employee about dozens of pending corporate transactions. Daniel Rivas, who was the alleged tipper and later worked at Royal Bank of Canada, and James Moodhe, the father of...

  • Aug 10- A former investment banking vice president pleaded guilty on Thursday to a U.S. charge that he engaged in insider trading in Neustar Inc shares before the advertising technology company announced it would be acquired by a private equity firm. Avaneesh Krishnamoorthy, a 42- year-old Indian citizen living in West New York, New Jersey, entered his plea...

  • LONDON, Aug 8- An alleged million-dollar pyramid scheme which is registered in Britain has gone into liquidation, the first step in the process of recovering its assets and distributing them to creditors. Reuters reported last year how the venture, known as EuroFX, allegedly scammed thousands of investors in China and other countries. Reuters reported earlier...

  • Aug 7- A former manager at defunct hedge fund FrontPoint Partners who served more than three years in prison for insider trading on Monday asked a U.S. judge to end his supervised release early so he can help a run a Christian ministry aimed at prisoners. District Judge Denise Cote in Manhattan, a lawyer for Joseph "Chip" Skowron said the request was warranted in...

  • Shkreli: 'Delighted' in many ways with this verdict

    After being found guilty of three counts of securities fraud, "Pharma Bro" Martin Shkreli is set to be sentenced soon, which could see him being in prison for up to 20 years. CNBC's Meg Tirrell reports.

  • A man walks past a panel displaying the Hang Seng Index at the Hong Kong Exchanges, July 8, 2015.

    Chinese companies alleged to have committed accounting tricks, market manipulation and fraud are being increasingly targeted.

  • Aug 6- Former drug company executive Martin Shkreli could spend years in prison for Friday's investor fraud conviction if the judge focuses on the intended impact of his crime and his "Pharma Bro" social media antics, according to legal experts. "He seems to lack any remorse so this will likely cause the judge to avoid appearing lenient when she sentences him," said...