A former head of a technology company that was acquired by EBay Inc. agreed to pay $664,822 to resolve U.S. regulatory claims that he tipped friends to the pending takeover so they could earn more than $300,000 in illicit profits.
Christopher Saridakis, a former head of a company bought by EBay Inc., pleaded guilty to securities fraud after prosecutors said he tipped friends to the pending 2011 acquisition of the e-commerce business he headed.
Banks agreed to pay about $15.5 billion to settle claims by about 720,000 investors outside the U.S. who lost money in Bernard Madoff’s fraud, said the chairman of a group of law firms representing victims.
Benjamin Holloway, a descendant of Duke University’s founding family who, as an executive at Equitable Life Assurance Society, helped establish insurance companies as major investors in U.S. commercial real estate, has died. He was 88.