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.
Garrett Bauer stood in a New York University lecture hall and warned 150 students not to emulate him. The day trader recounted illegally making millions of dollars over 17 years using corporate merger tips stolen by an attorney.
JPMorgan Chase & Co. and Goldman Sachs Group Inc. units were sued by two pension funds over claims they made misleading statements about the exposure of MF Global Holdings Ltd. securities to European sovereign debt.
Kenneth T. Robinson pleaded guilty today to his role in an insider trading scheme spanning 17 years that relied on merger-and-acquisition tips stolen from four law firms to make at least $34 million in illicit profits.