Lebanese Canadian Bank agreed to pay $102 million to settle a U.S. government lawsuit alleging it took part in a scheme to launder drug-trafficking money and other funds for terrorists, prosecutors said.
A Citigroup Inc. hedge fund made more than $450,000 in 2006 and 2007 trading in securities of Fairchild Semiconductor International Inc. after obtaining inside information about the company, U.S. prosecutors said.
Noah Freeman and Donald Longueuil, former junior portfolio managers at SAC Capital Advisors LP, were accused of insider trading while working at the $12 billion hedge fund in the latest round of charges stemming from a nationwide crackdown by federal prosecutors.
Noah Freeman and Donald Longueuil , former portfolio managers at SAC Capital Advisors LP, were accused of insider trading while working at the $12 billion hedge fund in the latest round of charges stemming from a nationwide crackdown by federal prosecutors.
Donald Longueuil , a former junior portfolio manager at SAC Capital Advisors LP, pleaded guilty to conspiracy to commit securities and wire fraud and to securities fraud as the U.S. cracks down on insider trading at hedge funds.
SAC Capital Advisors LP accounts tied to portfolio managers who pleaded guilty in a nationwide probe of insider trading are being investigated by U.S. prosecutors. Those accounts include one run by SAC founder Steven A. Cohen .
A former principal of wealth management firm Anchin, Block & Anchin LLP, Evan Snapper , pleaded guilty to causing the Hillary Clinton for President Committee to “unwittingly” submit false statements to the Federal Election Commission, the U.S. Justice Department said.
Alpha Prime Fund Ltd. and Senator Fund SPC, two funds sued along with HSBC Holdings Plc by the trustee liquidating Bernard Madoff’s firm, filed so-called cross claims against HSBC to try to recoup damages they incurred in the fraud.