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Gupta Surrenders to Authorities to Face Insider Trading Charges
Rajat Gupta surrendered to FBI on Wednesday.
Copy of Feb. 7 Criminal Complaint Against Samir Barai and Donald Longueuil
A copy of the SDNY’s February 7, 2011 criminal complaint against Barai and Longueuil for insider trading and obstruction of justice is available here.
Madoff Computer Programmers Indicted for Role in Fraud
Former Madoff programmers face up to 30 years in prison.
DOJ Brings Massive FCPA Case Against 22 Individuals
Massive undercover operation leads to FCPA charges against 22 individuals.
Former Jeffries Money Manager Indicted for Insider Trading
Money manager and three others were originally charged back in February 2009.
Stanford CIO Pendergest-Holt Indicted on Two Counts
A federal grand jury has indicted Laura Pendergest-Holt, the Stanford Financial Group’s chief investment officer, on two felony counts: one count of conspiracy to obstruct an agency investigation and one count of obstruction. CNBC’s Scott Cohn reports that the indictment alleges that Pendergest-Holt hid details of Stanford Financial’s holdings from investigators, including a $1.6 billion loan [...]
Marc Dreier Update: Amended Indictment Raises Amount of Alleged Fraud to $700 Million, Adds Money Laundering Charge
Prosecutors in the Marc Dreier case filed an amended indictment on Tuesday that alleges that Dreier defrauded investors out of approximately $700 million, not $400 million as previously alleged. The WSJ reports that the indictment, originally brought in January 2009, alleges conspiracy and fraud charges for the sale of fictitious promissory notes to hedge funds [...]
Former CEO of KB Home Indicted for Fraud Related to Options Backdating
Bruce E. Karatz, the former CEO of KB Home, has been indicted and charged with 20 counts of defrauding the Los Angeles homebuilder and its shareholders by awarding himself and others with millions of dollars worth of undisclosed backdated stock options.The NLJ reports that in the indictment returned on Thursday, Karatz is charged with concealing [...]
Update: Today’s Madoff Indictment Deadline Extended Another 30 Days
Federal prosecutors’ deadline to indict Bernard Madoff on fraud charges has been extended by 30 days, the AP reports, citing “a person familiar with the Bernard Madoff case.” The AP reports that lawyers agreed to extend today’s indictment deadline (previously discussed here) as authorities continue to investigate the case. Read the AP article