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Rajaratnam, Chiesi plead not guilty to insider trading charges
Hedge fund operator Raj Rajaratnam and a codefendant pleaded not guilty Monday to charges they were major players in a scheme that used inside information to make stock trades that generated millions of dollars in profits.
This time, will the SEC get its man?
The SEC has snagged a big fish, but it remains to be seen if the securities cops and…
Feds charge 14 more in widening $53M Wall Street insider trading ring
Federal prosecutors say criminal charges have been filed against 14 people, including attorneys and Wall Street professionals, in a widening $25 million insider trading case.
LPL agrees to pay $1.3M to victims of Montana broker’s Ponzi scheme
A Boston-based investment firm has agreed to pay $1.3 million in restitution to Montana investors for a Ponzi scheme run by an independent broker in Kalispell.
Ponzi Petters gets 50 years for $3.65B scam
When Mr. Petters' corporate empire collapsed, the losers in what prosecutors say was a $3.65 billion Ponzi scheme included not just hedge funds, but at least 10 pastors, three missionaries, dozens of retirees and a half-dozen nursing home residents, according to federal court filings.
Fla. man admits role in $20M N.J. stock scheme
Federal prosecutors in New Jersey say a Florida man has admitted his role in a $20 million stock fraud and money laundering scheme.
Hedgie Rajaratnam pocketed $36M from illegal trades: prosecutors
Federal prosecutors said Tuesday they will file new charges against billionaire hedge fund operator Raj Rajaratnam alleging he made at least $36 million from trades based on insider information, double what the government previously believed.
Money manager and radio personality charged with foreign-currency fraud
The SEC has obtained an emergency court order freezing the assets of a Minneapolis money manager and a nationally syndicated radio personality for allegedly operating a foreign-currency-trading scheme.
Investment firm, execs charged in bond bid-rigging
A politically connected financial firm and two of its executives were indicted Thursday for what prosecutors say was a bid-rigging scheme in the municipal bond business.
Petters a victim or victimizer? Jury deliberates
A jury will return Tuesday to further deliberate the fate of a Minnesota businessman accused of operating a Ponzi scheme that cost investors more than $3.5 billion.
Fund manager, one of world’s wealthiest people, busted in $20M insider-trading ring
Federal authorities have arrested six people in a hedge fund insider trading case that they say led to $20 million in illegal profits.
Ex-LPL adviser’s firms shut down by Montana regulators
Montana has shut down two investment companies, alleging the owner was operating a Ponzi scheme that bilked investors out of at least $1.5 million.
Finra bars two brokers accused of scamming widows and the disabled
The Financial Industry Regulatory Authority Inc. last week barred two brokers in separate actions, charging that they ran Ponzi schemes that victimized dozens of investors, including the elderly or mentally and physically disabled.
Finra bars 2 brokers for conning widows, Alzheimer’s victims and disabled
The Financial Industry Regulatory Authority Inc. today barred two brokers in separate actions, charging they ran Ponzi schemes that victimized dozens of investors, including the elderly or mentally and physically disabled.
Another ‘Mini-Madoff’ swindler sentenced in Georgia
The outpouring of anger against Robert P. Copeland was relentless from the graying group of retirees who had been swindled out of their life savings.
Runaway Credit Suisse ex-broker to be extradited
Julian Tzolov, the former Credit Suisse broker who fled to Spain to avoid facing securities fraud charges, will be extradited to the United States today.
SEC charges unregistered hedge fund in connection with $2B Ponzi scheme
The Securities and Exchange Commission today announced fraud charges and an asset freeze against an unregistered hedge fund and its manager for aiding a multibillion-dollar Ponzi scheme allegedly operated by Minnesota businessman Thomas Petters.
Ex-Credit Suisse broker charged with $1B fraud jumps bail
A former Credit Suisse Securities LLC broker indicted in a $1 billion auction rate securities scandal has vanished, federal authorities say.
Pennsylvania firm charged in $23M fraud bilking investors
The Securities and Exchange Commission has filed charges against a Philadelphia-area investment adviser and his firm, alleging that it misappropriated more than $23 million in client assets.
Long Island adviser charged in $55M Ponzi scheme
Long Island investment adviser Edward Stein preyed on long-time friends and acquaintances to move more than $55 million through the accounts of his investment funds, the Securities and Exchange Commission has charged.
