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Salesman "knew full well" he passed inside tips: Attorney
Aug 31, 2011 16:41 EDT
NEW YORK (Reuters) - A former Silicon Valley sales manager put company insiders together with hedge fund clients, knowing that corporate secrets would pass between them, federal prosecutors said at the start of his insider-trading trial.
U.S. seeks 6-7-year prison term for former trader
Aug 25, 2011 12:26 EDT
NEW YORK (Reuters) - Federal prosecutors are seeking a prison sentence of roughly six to seven-plus years for a former trader who pleaded guilty in April in connection to a sweeping government probe into insider trading.
Vanished Moody's analyst told to pay SEC $34.6 million
Aug 24, 2011 11:45 EDT
NEW YORK (Reuters) - A former Moody's Investors Service analyst who bolted for India and cannot be found was ordered to pay $34.56 million in a U.S. Securities and Exchange Commission lawsuit over his alleged illegal insider trading.
Primary Global CEO tied to insider case: filing
Aug 23, 2011 14:54 EDT
NEW YORK (Reuters) - The chief executive of expert networking firm Primary Global Research LLC has been implicated in the government's sprawling insider trading probe, court papers show.
Rajaratnam sentencing may be a fight to the death
Aug 10, 2011 14:32 EDT
NEW YORK (Reuters) - A U.S. government request that Galleon Group hedge fund founder Raj Rajaratnam spend as much as 24-1/2 years in prison -- a term associated more with murder than financial crimes -- raises the ante in the biggest individual insider trading case in a generation.
Prosecutors seek as much as 24-1/2 years for Rajaratnam
Aug 10, 2011 09:30 EDT
NEW YORK (Reuters) - Prosecutors asked a federal judge to sentence Raj Rajaratnam to as much as 24-1/2 years in prison, calling the Galleon Group hedge fund founder "arguably the most egregious violator" of insider trading laws ever to be caught.
Prosecutors seek as much as 24-1/2 years for Rajaratnam
Aug 10, 2011 09:30 EDT
NEW YORK (Reuters) - Prosecutors asked a federal judge to sentence Raj Rajaratnam to as much as 24-1/2 years in prison, calling the Galleon Group hedge fund founder "arguably the most egregious violator" of insider trading laws ever to be caught.
Ex-Goldman director Gupta, SEC to drop litigation
Aug 04, 2011 19:36 EDT
NEW YORK (Reuters) - Former Goldman Sachs Group Inc <GS.N> director Rajat Gupta and the U.S. Securities and Exchange Commission are dropping litigation against each other stemming from the sprawling federal insider trading probe.
Exclusive: Hedge fund manager Skowron might plead guilty
Aug 02, 2011 18:21 EDT
NEW YORK (Reuters) - Former FrontPoint Partners hedge fund manager Dr. Joseph "Chip" Skowron might be preparing to plead guilty, a court filing showed on Tuesday.
Chiesi gets 2-1/2 years prison in insider case
Jul 20, 2011 17:28 EDT
NEW YORK (Reuters) - Danielle Chiesi, a former hedge fund trader and key defendant in the sprawling Galleon Group insider trading case, was sentenced on Wednesday to 2-1/2 years in prison, and the presiding judge gave a stern warning to others on Wall Street considering breaking the law.
Ex-trader Chiesi awaits fate in Galleon insider case
Jul 19, 2011 09:53 EDT
NEW YORK (Reuters) - "There is not even a chance we will do one day in jail," Danielle Chiesi declared early last year in an interview with Reuters.