Former JPMorgan Chase & Co. traders Javier Martin-Artajo and Julien Grout aren’t evading authorities in the U.S., where they face charges of engaging in securities fraud to hide losses, their lawyers told a judge in Manhattan.
JPMorgan Chase & Co., the target of multiple U.S. Justice Department investigations, tentatively agreed to pay about $2 billion to resolve probes into whether it ignored warning signs about Bernard Madoff’s crimes, according to a person briefed on the matter.
The probe of SAC Capital Advisors LP, which has led to insider-trading charges against the hedge fund and eight SAC employees, has snared an outside analyst who is accused of giving illegal tips to a former SAC manager.
The Federal Bureau of Investigation is working with the U.S. Securities and Exchange Commission in a criminal probe of trading “anomalies” before the announcement of a deal to buy H.J. Heinz Co., said Peter Donald, a spokesman for the FBI’s New York office.
Bernard Madoff’s former accountant pleaded not guilty to charges he helped the convicted con man carry out a Ponzi scheme, less than two weeks before the start of a trial of five ex-employees who are accused of aiding the fraud.
Three former employees of a New York- based university were charged in a bribery scheme tied to research funded under a multi-million dollar grant from the U.S. National Institutes of Health on magnetic resonance imaging.