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The feds on Thursday widened their criminal probe of Bernie Madoff, arresting the Ponzi king’s longtime accountant, a member of the arch-schemer’s inner circle, for allegedly cooking the books on the world’s largest investor fraud. FBI agents arrested Paul Konigsberg at his lawyer’s Manhattan office around 7 am. Konigsberg, 77, of Greenwich, Conn., later pleaded […]
In a scathing news conference yesterday, U.S. Attorney Preet Bharara’s press conference announced that his office had filed criminal charges against SAC Capital — which he called a “magnet for market cheaters.” Notably, however, prosecutors stopped short of bringing any criminal charges against SAC Capital’s founder and CEO, Steve Cohen. via SDNY Drops the Hammer […]
Rengan Rajaratnam accused of conspiring with brother to trade on material nonpublic information about Clearwire Corp. and Advanced Micro Devices.
Former Baltimore Orioles third baseman Doug DeCinces has been indicted by a federal grand jury for insider trading, the Justice Department said on Wednesday. DeCinces was charged with 42 counts of criminal securities fraud and one count of money laundering over the 2008 purchase of stock in a medical device company based on insider information, […]
Rajat Gupta surrendered to FBI on Wednesday.
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.
Former Madoff programmers face up to 30 years in prison.
Massive undercover operation leads to FCPA charges against 22 individuals.
Money manager and three others were originally charged back in February 2009.