Daily Archives: January 2, 2009, 11:59 pm

Securities Docket News Wire for Dec. 2, 2009

List of Madoff’s assets provided to SEC on Dec. 31 “hasn’t revealed any major sources of additional cash.” http://is.gd/eqZC # SEC pursuing another Ponzi scheme in which investors may have been cheated out of as much as $1 billion. http://is.gd/eqZC # Securities class action filed against Horizon Lines in the US District Court for the District of Delaware. http://is.gd/erjb #…

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China: Gome Chairman Alleged to Have Directed Insider Trading Plot Involving Employees

Additional details have emerged about the alleged insider trading scheme of Wong Kwong-yu, Chairman of Gome Electrical Appliances and said to be the “richest person in China.”  In November, as discussed here, Wong was detained and questioned by police according to the Chinese press. According to reports in China Business News and JLM Pacific Epoch, Wong directed employees of his…

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