Michael Lucarelli was a director at Manhattan-based Lippert/Heilshorn & Associates Inc. when he made the illegal trades over the last year, prosecutors said as they announced 13 securities fraud charges.
Mickelson’s manager confirmed Saturday that the investigation was the same outlined in reports in several newspapers, including the Wall Street Journal.
U.S. District Judge Laura Taylor Swain formally administered the sentence on SAC Capital LP and three related entities under a $1.8 billion deal.
When prosecutors announced the case against Mathew Martoma in November 2012, they said it may be the most lucrative insider trading scheme of all time.
A jury will not hear about how a former hedge fund manager fainted in front of his Florida mansion when federal agents showed up to talk about his alleged involvement in insider trading.
Just as the Manhattan jury handed its verdict sheet to the judge Wednesday, the former hedge fund manager fainted on the defense table.
One of the world’s most powerful hedge funds pleaded guilty this week to insider trading charges.
Federal authorities in New York City announced the criminal charges against SAC Capital Advisors on Thursday. SAC is charged with wire fraud and four counts of securities fraud, but owner Steven Cohen is not charged.
New York U.S. District Judge Sidney Stein came to court Wednesday determined to send a Massachusetts cooperator to prison for his inside trading conviction.
A former Goldman Sachs and Procter & Gamble Co. board member convicted of insider trading has been sentenced to two years in prison.
“Our economy is increasingly dependent on the success and integrity of the financial markets. If a deal looks too good to be true, it probably is,” Douglas says in the ad.
Seven people have been arrested in an insider trading scheme that allegedly netted more than $61.8 million in illegal profits based on trades of a single stock, officials said.
Federal prosecutors in Manhattan have charged two men with making $2.6 million in illegal profits on insider stock trades.
A San Diego man has pleaded guilty to insider trading charges in New York in a government crackdown on expert networking firm consultants who give illegal stock tips to hedge funds.
Three stock traders have been convicted in the second federal trial stemming from a massive probe of insider trading at hedge funds.