Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers.
Widespread recovery doubts; More Caught in Trading Scandal; Microsoft-Yahoo Pact May Go Global
Fourteen people were charged with fraud and conspiracy in a dramatic widening of an insider trading scandal that has ensnared hedge fund managers, top Silicon Valley executives and a bevy of white-shoe advisers.
Nine more people have been arrested in the Galleon Group insider-trading scandal, bringing to 15 the number charged in the biggest hedge fund-related case in history.
McKinsey & Co and Akamai Technologies Inc launched investigations on Wednesday into accusations by the U.S. government that some of their employees were linked to the Galleon Group insider-trading scandal.
Insider traders may have taken the greed-is-good mantra to heart, but it's not the only thing that motivates them.
The linking of Advanced Micro Device's former top executive to the largest U.S. insider trading scheme in decades may raise questions about its business practices -- and that of the chipmaking venture, Globalfoundries, that it spun off.
Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of SAC Capital Advisors, a sign that the scope of the probe into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.
Federal prosecutors in the Galleon Group case have sent a subpoena to a former employee of Steven A. Cohen's SAC Capital Advisors, a sign that the scope of the problem into the largest hedge fund insider trading case in history is expanding, the Wall Street Journal reported, citing people familiar with the matter.
An informant in the Galleon Group insider trading scandal had a history of sending tips to the firm, according to a court document that surfaced on Friday.
Intel Corp assured Clearwire Corp it is closely guarding its investment information on the wireless-broadband company after an insider-trading scandal surfaced last week, the Wall Street Journal reported, citing Clearwire chief executive Bill Morrow.
Intel Corp assured Clearwire Corp it is closely guarding its investment information on the wireless-broadband company after an insider-trading scandal surfaced last week, the Wall Street Journal reported, citing Clearwire chief executive Bill Morrow.
Google Inc has suspended the services of investor relations firm Market Street Partners -- the tiny firm federal investigators said tipped off hedge fund traders on Google's 2007 earnings.
Fresh from laying charges in the largest hedge fund insider trading case in history, U.S. federal investigators are poised to bring further significant cases.
IBM placed senior executive Robert Moffat on leave of absence after he was arrested in the largest ever hedge fund insider-trading scheme.
U.S. financial regulators and federal prosecutors unveiled their biggest-ever insider case involving a hedge fund last week and similar cases may be announced in coming months, sources said on Monday.
