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‘Enforcement 40’ for 2020
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Join the Securities Litigation and Enforcement Group on LinkedIn‘Pharma bro’ Martin Shkreli released from prison, sent to halfway house
In a statement, the U.S. Bureau of Prisons said Shkreli had been transferred Wednesday from a federal correctional facility in Pennsylvania to a “community confinement” program which is the equivalent of a halfway house. It said his projected release date from federal custody is Sept. 14. In a Facebook post Wednesday, Shkreli, who became known […]
Jeffrey Skilling released after 12 years in prison for role in Enron scandal – Houston Chronicle
Jeffrey K. Skilling, the former Enron CEO who spent the past 12 years in prison for his role in masterminding one of most notorious corporate fraud cases in history, was released from federal custody on Thursday, the Bureau of Prisons said. via Jeffrey Skilling released after 12 years in prison for role in Enron scandal […]
Former KPMG Partner Scott London Out of Prison, Back to Work | Compliance Week
Scott London — the former KPMG partner who pleaded guilty to insider trading in June 2013 and was sentenced to serve 14 months in prison in April 2014 — is out of prison and back to work. London is now employed as the assistant to the CFO of a computer company. via Former KPMG Partner […]
Rajat Gupta Reports to Prison, Joins Raj Rajaratnam at FMC Devens in Massachusetts – Compliance Week
Yesterday, former Goldman Sachs board member Rajat Gupta began serving his two-year prison sentence for insider trading. After being convicted for providing Galleon founder Raj Rajaratnam with confidential information about Goldman Sachs, Gupta and Rajaratnam will now serve time at the same correctional facility: Federal Medical Center-Devens, located in Ayer, Massachusetts. Rajaratnam is serving a much longer, 11-year prison […]
Ex-Goldman director Gupta loses bid to stay out of prison | Reuters
Former Goldman Sachs Group Inc director Rajat Gupta has failed to persuade the U.S. Supreme Court to delay the June 17 start of his two-year prison term while he pursues an appeal of his insider trading conviction. via Ex-Goldman director Gupta loses bid to stay out of prison | Reuters
Goldman director Gupta loses bid to stay out of prison — Reuters
Former Goldman Sachs director Rajat Gupta will begin serving a two-year prison term on June 17 after a U.S. federal appeals court rejected his bid to stay free while he appeals his insider trading conviction. via Goldman director Gupta loses bid to stay out of prison — Reuters
Jailed executive hits out at ASIC — Business Day
A former executive who was sent to jail for insider trading but then released on appeal with his conviction quashed has slammed the corporate regulator for the way it conducted its case against him…. [Stuart Fysh] says ASIC’s practice of ”rushing to publicise” its suspicions of individuals, and its intentions to charge individuals, before any […]
ASIC gets serious with jail time — Wealth Professional
A former Bell Potter Securities adviser who pleaded guilty to dishonest conduct involving more than $1.7 million has had his original suspended sentence quashed and been jailed for one year by the NSW Court of Criminal Appeal. via News News: ASIC gets serious with jail time — Wealth Professional
Former Qwest CEO Joseph Nacchio: Tales From a White-Collar Prison Sentence – WSJ
Former telecommunications company chief executive Joseph Nacchio entered prison in 2009 out of shape, depressed and anxious. Fifty-four months later, Mr. Nacchio, 64 years old, who once ran Qwest Communications International Inc., has emerged physically unrecognizable from his pre-incarceration life…. Mr. Nacchio is among the first white-collar executives to be set free after a decade of […]
With Manservant and Special Cell, Rajaratnam ‘Reigning Like a King’ in Prison – Compliance Week
The New York Post reports that Raj Rajaratnam has scored himself a prime jail cell and his own “manservant” of sorts as he serves his 11-year sentence in the Federal Medical Center Devens in Ayer, Massachusetts. via With Manservant and Special Cell, Rajaratnam ‘Reigning Like a King’ in Prison – Compliance Week