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.
Don Chu entered the plea in federal court in Manhattan. He is among 13 people charged so far in a probe of those in the securities industry who give out inside information instead of legitimate research.
The arguments were expected to last all day Wednesday. They’ll include the replaying of some of the hundreds of taped phone conversations made by the government.
The judge let jurors leave early on Friday. It was their fifth day of weighing the fate of the hedge fund manager.
A jury has begun deliberating at the trial of a hedge fund founder accused of making tens of millions of dollars through insider trading.
A woman with access to insider information was blinded by love, she says…and the judge agreed.
Federal authorities expanded their crackdown on insider trading that masks itself as legitimate market research.