A trader accused of insider dealing lost a court bid to prevent his extradition to face US criminal charges after London judges rejected his appeal. Joseph El Khouri, who holds dual Lebanese-British citizenship, is accused of making almost $2 million trading on inside information. US prosecutors allege that the trader and avid poker player gave lavish gifts to middlemen, including…
British tech entrepreneur Mike Lynch has been extradited to the U.S. to face fraud charges in relation to the sale of his software company Autonomy to Hewlett Packard. Lynch arrived in the U.S. on Thursday afternoon and is currently detained in San Francisco until bail conditions are met, his spokesperson confirmed to CNBC. He face charges of securities and wire…
Former FTX Chief Executive Sam Bankman-Fried is expected to appear in court in the Bahamas on Monday to reverse his decision to contest extradition to the United States, where he faces fraud charges, a person familiar with the matter said on Saturday. The 30-year-old cryptocurrency mogul was indicted in federal court in Manhattan on Tuesday and accused of engaging in…
At his press conference on charges against Bahamas-based FTX founder Sam Bankman-Fried, Manhattan US Attorney Damian Williams said the case shows “you can commit fraud in shorts and t-shirts in the sun.” But Williams didn’t address how US authorities plan to get Bankman-Fried back from his tropical locale to face the eight-count indictment unsealed against him Tuesday in New York…
An alleged cryptocurrency money launderer was extradited this week from the Netherlands to the United States to face charges in the District of Oregon. Denis Mihaqlovic Dubnikov, 29, a Russian citizen, made his initial appearance in federal court today in Portland. A five-day jury trial is scheduled to begin on Oct. 4. According to court documents, Dubnikov and his co-conspirators…
The U.K. government approved the extradition of Mike Lynch to the U.S. to face criminal fraud charges, hours after a London judge ruled the tech tycoon was dishonest in the $11 billion sale of his company. The extradition decision by Home Secretary Priti Patel Friday doesn’t mean that Lynch will be getting on a plane anytime soon. Lynch can appeal…
The two former J.P. Morgan Chase & Co. traders charged in the “London Whale” losses remain in Europe, frustrating the U.S. government. The Justice Department says that Javier Martin-Artajo is in Spain, “resisting extradition” to the U.S. Extradition from Spain can take months or years if contested in court. Julien Grout, a French citizen, is in France, where he is…
U.S. prosecutors make rare arrest of alleged insider trader in Hong Kong.
The last we heard about Mount Rushmore of Securities Fraud member David Pajcin was back in November 2008, when it was reported that, after being released from prison, he had violated the terms of his supervised release and failed to report to his probation officer. Prosecutors and Pajcin’s criminal lawyer, Jesse Siegel, told the court they believed he was no…