Insider trading

Who is Kim Schmitz? Megaupload Founder Had $23M Home, 18 Luxury Vehicles and Lots of Cash

Kim Schmitz, founder of Megaupload and otherwise known by his alias Kim Dotcom, was arrested by the Department of Justice Thursday for content piracy and losses to copyright owners that amount to $500 million. Schmitz was found by police in his New Zealand mansion's safe room, with what looked like a sawed-off shotgun Detective Inspector Grant Wormald said.

U.S. Charges 7 in $62 Million Dell Insider-Trading Case

U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.

Feds Charge 7 in $62M Dell Insider-Trading Case

U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.

More arrests in U.S. insider trading probe: source

The FBI is in the process of arresting Anthony Chiasson, who co-founded the Level Global Investors hedge fund, and others as part of the government's sweeping probe into insider trading, a person familiar with the matter said on Wednesday.

Analysis: Nortel case delay highlights Canada crime approach

The years-long delay in bringing three former Nortel Networks executives to trial for fraud has reinforced Canada's well-earned reputation as a laggard in markets enforcement, particularly when compared with the United States, its critics say.

SEC Inspector General David Kotz Quitting

David Kotz, the inspector general at the Securities and Exchange Commission who has a reputation as a tough watchdog, is leaving the agency at the end of January, the SEC said on Tuesday.

Jaiprakash Associates Founders to Challenge SEBI Order

The founders of engineering and construction firm Jaiprakash Associates said they would challenge an order by the Securities and Exchange Board of India (SEBI), India's capital market regulator, penalising them on insider trading charges.

Judge unlikely to toss Gupta insider trial tapes

A New York federal judge on Thursday damped hopes that he would throw out government wire tap evidence in the insider trading trial of Rajat Gupta, a former board member of Goldman Sachs and Procter & Gamble .

China arrests executives in insider trading crackdown

China has arrested former executives at two brokerages on charges of insider trading, the securities watchdog said, as part of a crackdown on market malpractice that the new head of the agency has said will be one of his top priorities.

Steve Cohen says insider trading rules are vague

Hedge fund billionaire Steven A. Cohen in sworn testimony earlier this year called the rules on insider trading very vague and said sometimes it's a judgment call as to whether a tidbit about a public company is inside information.

Exclusive: Steve Cohen calls insider trading rules vague

Hedge fund billionaire Steven A. Cohen in sworn testimony earlier this year called the rules on insider trading very vague and said sometimes it's a judgment call as to whether a tidbit about a public company is inside information.

Congressional Insider Trading Ban Needed to Restore Trust, but Issues May Arise: SEC

Insider trading by federal lawmakers is unlawful, but "distinct legal and factual issues" may arise and make the investigation or prosecutions difficult to proceed. However, any statutory changes on insider trading should be "carefully calibrated" to ensure they do not narrow current law, a top Securities and Exchange Commission official warned Tuesday.

Raj Rajaratnam Begins 11-Year Prison Sentence

Raj Rajaratnam, 54, the founder of the Galleon Group and a hedge fund multimillionaire, began his 11-year prison sentence at a former military base, near the town of Ayer, Massachusetts.

Rajaratnam begins 11-year insider trading sentence

Hedge fund multimillionaire Raj Rajaratnam began serving his 11-year prison sentence on Monday - the longest on record for insider trading - at a former military base near a small, leafy Massachusetts town.

More charges coming in insider probe: sources

A year after four hedge funds were raided as part of a sweeping probe into insider trading, agents are ready to arrest as many as three people who worked at the raided funds, sources familiar with the investigation said.

Rajaratnam seeks delay in reporting to prison

Lawyers for multimillionaire hedge fund founder Raj Rajaratnam on Wednesday sought a delay of his prison sentence just five days before he was due to start serving 11 years for insider trading.

Top Ten Most Disgraced Personalities of 2011

The year-end is when you recount the tales of those who rose to stardom or of those who fell from their coveted positions. IBTimes lists the top ten most disgraced personalities of 2011 whose downfalls shook the world.

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