‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedIn60 Minutes: The Inside Story of the Fall of Roomy Khan and Raj Rajaratnam | Compliance Week
Last night, 60 Minutes ran an excellent piece called “Inside Edge” about former stock analyst Roomy Khan. Khan was caught early by federal prosecutors investigating insider trading by hedge funds, and ultimately became a critical government informant in the criminal case that brought down Galleon Group’s Raj Rajaratnam and dozens of others. via 60 Minutes: […]
U.K. Serious Fraud Office Stresses Cooperation in Investigations – Risk & Compliance Journal. – WSJ
In a speech to compliance and legal officers in London on Wednesday, Matthew Wagstaff, SFO’s joint head of bribery & corruption outlined how cooperation should unfold in light of the prosecutor’s relatively new use of deferred prosecution agreements. Though stressing that a DPA is no panacea, Mr. Wagstaff said that it expands the possible outcomes […]
Phil Mickelson is very glad United States v. Newman is the law in the Second Circuit. | Cady Bar the Door
Phil Mickelson, whom the SEC describes as a “successful professional golfer,” was not charged with insider trading earlier today. I wasn’t either, and I’m glad about that. And you probably weren’t either! High fives all around. But mostly, Phil wasn’t charged, and he’s really glad, because that guy was %$&*@! close to being charged with […]
Dean Foods’ Davis said he threw phone in creek to hinder FBI – Reuters
Dean Foods Co’s (DF.N) former chairman Thomas Davis said he threw his cellphone into a Dallas creek to hide his role in an insider-trading scheme after FBI agents visited his home, according to a transcript of his guilty plea. via Dean Foods’ Davis said he threw phone in creek to hinder FBI – Reuters
Why Wasn’t Phil Mickelson Charged With Insider Trading? – Bloomberg
At a press conference Thursday in which Manhattan U.S. Attorney Preet Bharara unveiled details of an insider trading case against sports gambler William “Billy” Walters, a reporter wanted to know why exactly the most famous person connected to case had been left out of the prosecution. “Doesn’t it undermine confidence in the markets,” the reporter asked, “to not charge […]
Over 25,000 Madoff victims eligible for $4 billion refund | New York Post
The overseer of a $4 billion U.S. Department of Justice fund for victims of Bernard Madoff’s Ponzi scheme said he expected to recommend payouts for at least 25,280 claimants with nearly $4 billion in fraud losses. via Over 25,000 Madoff victims eligible for $4 billion refund | New York Post