.jpg)
Two residents of Madrid, Spain, have been charged with insider trading, and the SEC has obtained an emergency court order to freeze their assets after they allegedly made nearly $1.1 million in illegal profits by trading in advance of last week's public announcement of a multi-billion dollar cash tender offer by BHP Billiton Plc to acquire Potash Corp. of Saskatchewan Inc. .png)
Yonni Sebbag, a/k/a "Jonathan Cyrus," has pleaded guilty to fraud charges related to his participation in an insider trading scheme in which Sebbag obtained confidential inside information about the Walt Disney Company, including information about Disney's quarterly earnings, and attempted to sell the information to investment companies seeking to trade on inside information. .jpg)
Glen and Karen Kaiser, who provided information and documents leading to the imposition and collection of civil penalties in Securities and Exchange Commission v. Pequot Capital Management, Inc., et al., Civil Action No. 3:10-CV-00831-CVD (D.Ct. D. Conn., Complaint filed May 27, 2010), have been awarded $1 million by the SEC. This is the largest award paid by the SEC for information provided in connection with an insider trading case. 
The SEC has charged a Walt Disney Company employee and her boyfriend in a scheme to sell confidential information about Disney's quarterly earnings to hedge funds. If the SEC’s allegations are true, the two defendants are not going to become rocket scientists after they come out of jail..jpg)
Apparently, it is not just the U.S. government that is increasing its prosecution of bribery and insider trading. Other countries are doing so, too. For example, news reports indicate that Huang Guangyu, a billionaire who had been considered China’s wealthiest person, has been sentenced to 14 years in prison for bribery, insider trading, and illegal business operations..jpg)
Attorneys for hedge fund billionaire Raj Rajaratnam have moved to suppress wiretaps involving Rajaratnam. The challenged recordings, the filing argues, were both in violation of the Constitution and were obtained through material misrepresentations and omissions in the government’s wiretap application to the Court..jpg)
Let’s see. There’s that guy, and this one, and another. And him, and don’t forget that one. OK. Now, add to that list Number 11: Robert W. Moffat Jr., a former IBM senior executive, has pleaded guilty in the insider trading case involving Galleon Group founder Raj Rajaratnam. .jpg)
About 20 years after he was admitted as a lawyer in New York, James E. Gansman was charged in a 12 count indictment with insider trading.
The Securities and Exchange Commission has charged a Wall Street investment banker, another securities professional, and one of their friends in a clandestine insider trading ring that netted approximately $1 million in illicit profits by trading ahead of at least 11 mergers, acquisitions, and other corporate deals. 
From A.S. Pratt & Sons
The Nation's Banking Law Experts are pleased to offer Financial Fraud Law, your one-stop resource for the legal issues involving financial fraud.
Join the fastest growing legal community on fraud issues.
Financial Fraud Law
 |
Fraud Law Reports In-depth legal analysis of fraud issues by some of the country’s leading attorneys. Subscribe Now and receive 10 print, journal format reports (with online access) a year. Each issue contains 10 reports. |
Fraud Law Resources
Articles on fraud-related topics, plus other resources. Subscribe for full access!
Law Blog
Stay on top of breaking news with legal analysis and commentary. Post your comments!
Most Read
- Real Estate Attorney And Loan Officer Guilty In Multi-Million-Dollar Mortgage Fraud Scheme (206)
- Bank Fraud, And Son’s Theft Of Over $500,000 From Mother’s Trust Funds (100)
- FDIC’s First Financial Reform Roundtable Is Tuesday (89)
- Credit Repair Operation Settles With FTC And Will Surrender Cars, Houses And Real Estate (82)
- Cambridge International Symposium On Economic Crime Begins September 5 (77)