Monday, August 13, 2012

"Insider Trading Proactive Enforcement Paying Off" @ Federal Bureau of Investigation

Image Hat Tip: FBI, original story, click here.


Investigations Paying Off

- New York hedge fund billionaire Raj Rajaratnam was sentenced to 11 years in prison for his role in the largest hedge fund insider trading scheme in history. More details

- Also convicted in that case was Rajaratnam’s business partner and friend, Rajat Gutpa. More details

- Attorney Matthew Kluger was convicted of stealing inside information from various law firms he worked for and providing it to a professional stock trader in a 17-year scheme that netted them millions. More details

- IBM executive Robert Moffat was convicted of providing non-public information to a hedge fund employee in a major insider trading scheme. More details

- A Philadelphia stockbroker who received inside information from an executive with a public insurance company—a fellow Alcoholics Anonymous member—was charged with insider trading. More details

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