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.
Adam Harrington, a former broker at Sky Capital Holdings Ltd., was sentenced to five years in prison for his role in what prosecutors said was an eight-year scheme that defrauded investors of $140 million.
Garrett Bauer, a New York stock trader, pleaded guilty to his role in an insider-trading scheme that the U.S. says generated $37 million in illegal profits by relying on corporate merger tips stolen from four law firms.
Two Columbia University students arrested last year on drug charges lost their bid to enroll in a pretrial diversion program that would let them avoid the possibility of a prison term of as long as 2 1/2 years.
George Georgiou, a former stockbroker from Canada, was sentenced to 25 years in prison for his role in an international fraud that led to more than $55 million in losses, prosecutors in Philadelphia said.
Every dawn in the early spring of 2011, Matthew Kluger peered out his window, wondering when federal agents would knock at his door. Kluger, a mergers-and- acquisitions lawyer, says he worried that authorities were closing in on him as the source of illegal tips in a three-man insider-trading ring that had eluded detection for 17 years.
A former administrator of a psychotherapy institute in New York pleaded guilty in state court to stealing more than $2.5 million from the organization, Manhattan District Attorney Cyrus Vance’s office said.