SEC, U.K. FSA Allege Former Deloitte Partner Was Key to Family-Run Insider Trading Ring
December 1, 2010 in Securities Regulation & Law Report · Leave a Comment
The Securities and Exchange Commission Nov. 30 announced that it and the U.K.’s Financial Services Authority disrupted what they believe to be a multi-million dollar insider trading network anchored by a…
Criminal Insider Trading Defendants Rajaratnam, Chiesi Lose Bid to Suppress Wiretap Evidence
November 29, 2010 in Securities Regulation & Law Report · Leave a Comment
Criminal insider trading defendants Raj Rajaratnam and Danielle Chiesi Nov. 24 lost their bid in the U.S. District Court for the Southern District of New York to suppress Title III material obtained by government telephone…
Insider Trading ‘Rampant,’ Becoming Harder to Detect, Says U.S. Attorney for Southern District of New York
November 1, 2010 in Securities Regulation & Law Report · Leave a Comment
Insider Trading ‘Rampant,’ Becoming Harder to Detect, Says U.S. Attorney for Southern District of New York…
Hedge Fund Manager Nadel Receives 14 Years in Prison for 10-Year, $330 Million Fraud
October 27, 2010 in Alternative Investment Law Report · Leave a Comment
The U.S. District Court for the Southern District of New York Oct. 21 sentenced hedge fund manager Arthur previous hitNadelnext hit to 14 years in prison for his…
Appeals Court Reverses, Remands Decision on SEC Access to Wiretaps in Hedge Fund Manager Insider Trading Case
October 4, 2010 in Securities Regulation & Law Report · Leave a Comment
The U.S. Court of Appeals for the Second Circuit Sept. 29 vacated and remanded a district court decision allowing the Securities and Exchange…
Supreme Court’s Honest Services Decision Will Hamper Prosecution of Corporate Fraud, Lawyers Say
September 27, 2010 in Securities Regulation & Law Report · Leave a Comment
NEW YORK—A recent U.S. Supreme previous hitCourtnext hit decision effectively limiting the breadth of the honest-services theory of fraudulent behavior will likely lead to fewer criminal cases launched against senior…
Former IBM Executive Sentenced for Part in Large Hedge Fund Insider Trading Ring
September 15, 2010 in Alternative Investment Law Report · Leave a Comment
A former International Business Machines Corp. senior executive was sentenced in the U.S. District Court for the Southern District of New York Sept. 13 to six months in prison after he confessed to…
Supreme Court Limits ‘Honest Services’ Fraud Law Used to Prosecute Corruption Cases; Ruling Impacts Skilling, Black Convictions
June 28, 2010 in Securities Regulation & Law Report · Leave a Comment
The U.S. Supreme Court June 24 significantly restricted federal prosecutors’ ability to rely on a favored statute for pursuing corruption in both the public and…
BNA INSIGHTS: U.S. Authorities Possess Tools, Motivation to Continue to Push The Envelope in Investigating and Prosecuting Financial Crimes
May 28, 2010 in Securities Regulation & Law Report · Leave a Comment
The Department of Justice’s and Securities and Exchange Commission’s recent expansion of civil and criminal inquiries into a number of major Wall Street institutions portends more widespread…
Former IBM Executive Pleads Guilty to Role in Galleon Hedge Fund Insider Trading Case
April 6, 2010 in Securities Regulation & Law Report · Leave a Comment
Robert Moffat Jr., a former International Business Machines Corp. executive, pleaded guilty March 29 in the U.S. District Court for the Southern District of New York to conspiracy and securities fraud for tipping Galleon defendant Danielle Chiesi to material nonpublic information in what prosecutors said is the largest hedge fund insider trading case in history.
