The money-laundering complaint U.S. Attorney Preet Bharara filed against Steven Cohen's SAC Capital Advisors LP raised the prospect that the hedge fund’s $14 billion in assets may be subject to forfeiture.
Absolute Poker of Costa Rica agreed to return funds owed to U.S. customers and prohibit deposits of American players, U.S. Attorney Preet Bharara in New York said today. The agreement permits foreign-based online poker players.
Nelson Burtnick, the head of payment processing for poker website Full Tilt Poker, pleaded guilty to taking part in a scheme to deceive banks into handling Internet gambling transactions that violated U.S. laws.
U.S. prosecutors are preparing to file charges this fall against traders from several banks involved in a bid-rigging scheme to manipulate Libor rates, not just Barclays Plc, according to a person familiar with the case.
A former executive at expert- networking firm Primary Global Research LLC, James Fleishman, was found guilty of helping pass confidential information to fund managers as part of an insider-trading scheme.
MGM Resorts International and Boyd Gaming Corp., preparing for the U.S. to legalize online poker, agreed to form a venture with the biggest listed Internet gambling company, Bwin.Party Digital Entertainment Plc.