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.
Cavan Sieczkowski
Jan 20, 2012
Federal authorities announced at a press conference on Wednesday that seven individuals were brought up on insider trading charges as part of a five-year investigation conducted by the Justice Department.
Michael Billera
Jan 18, 2012
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.
IBT Staff Reporter
Jan 17, 2012
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.
IBT Staff Reporter
Jan 17, 2012
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.
Raymond Ronamai
Jan 07, 2012
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 .
IBT Staff Reporter
Jan 05, 2012
The SEC is employing a host of new techniques in order to catch Wall Street crooks.
Michael Billera
Dec 27, 2011
The top after-market NASDAQ Stock Market gainers are: Research In Motion, FSI International, Cintas, Suffolk Bancorp, and Westell Technologies. The top after-market NASDAQ Stock Market losers are: Oracle, L & L Energy, Columbia Laboratories, Epoch Investment Partners, and Autodesk.
Balasubramanyam Seshan
Dec 21, 2011
Tracy Postert, a former Occupy Wall Street protester, accepted a job offer to join a Wall Street firm.
Dave Smith
Dec 06, 2011
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.
Moran Zhang
Dec 06, 2011
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.
Raymond Ronamai
Dec 06, 2011
Raj Rajaratnam, the man who was convicted of massive insider trading scheme, will begin his 11 year prison sentence on Monday.
Michael Billera
Dec 05, 2011
Insider trading by members of Congress is a clear problem, but fixing it may prove difficult.
Dan Rivoli
Dec 01, 2011
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 told Reuters.
Eric Linton
Dec 01, 2011
Following are the stocks trading on Nasdaq that touched 52-week low on Nov. 29. The new 52-Week high indicates a stock is trading at its lowest price in the past 52 weeks. This is an important indicator for many investors in determining the current value of a stock or predicting a trend in a stock's performance.
Manikandan Raman
Nov 30, 2011
Justices hear case that could affect the statute of limitation for filing certain insider trading claims.
Dan Rivoli
Nov 29, 2011
Both parties' House leaders, Speaker John Boehner, R-Ohio, and Minority Leader Nancy Pelosi, D-Calif., are among several lawmakers who profited from transactions that raised possible of conflicts of interest, according to a report on CBS' 60 Minutes.
Bhaskar Prasad
Nov 15, 2011
A '60 Minutes' investigation claims several members of Congress may have made investment decisions based on insider information.
Ashley Portero
Nov 14, 2011
Rajat Gupta, former Goldman Sachs director and former head of McKinsey & Co, will surrender to the FBI on Wednesday to face criminal insider trading-related charges, a person familiar with the investigation said.
IBT Staff Reporter
Oct 25, 2011
Raj Rajaratnam has broken his silence in an interview with Newsweek.
Roland Li
Oct 24, 2011
The Securities and Exchange Commission is warning staffers their personal brokerage-account information may have been compromised, after it uncovered security flaws with an ethics-compliance program.
J.J. McGrath
Oct 15, 2011
Sri Lankan-born Hedge fund tycoon Raj Rajaratnam was sentenced to 11 years in prison for the biggest hedge fund insider trading case in the U.S., but the verdict was not as stringent as legal circles had predicted.
Jijo Jacob
Oct 14, 2011
