Zvi Goffer , the ex-Galleon Group LLC hedge fund trader, was convicted with his brother and a third defendant on all counts by a jury in the second trial to result from a nationwide crackdown by the U.S. on insider trading.
David Slaine had a secret for the FBI that summer day, one of scores he would eventually reveal in his role as a dream informant. The subject was Teterboro Airport. Slaine claimed a money manager he knew was using it to profit quietly on trades of health-care stocks.
Former Galleon Group LLC trader Zvi Goffer , accused of leading one of three insider-trading rings that are the subject of a nationwide U.S. probe, was indicted along with four others on additional charges.
Former Galleon Group LLC trader Zvi Goffer , who is accused of leading an insider-trading ring, and four co-defendants urged a judge to dismiss the government’s case, citing the inadequacy of the evidence against them.
“Devastating” wiretapped telephone calls in which ex-Galleon Group LLC trader Zvi Goffer is heard sharing illegal tips make for “overwhelming” evidence against him, a prosecutor said at the close of the insider-trading case.
New York’s highest court was asked by Bank of America Corp. , UBS AG and other institutions to reinstate their lawsuit claiming that bond insurer MBIA Inc.’s 2009 restructuring was intended to defraud policyholders.
Galleon Group LLC co-founder Raj Rajaratnam , the hedge fund manager convicted of insider trading, will be heard again on recorded wiretaps in the trial of his former deputy, Zvi Goffer , the judge overseeing the case said.
JPMorgan Chase & Co. and the biggest U.S. banks face billions of dollars in legal costs related to their role in the financial crisis, threatening their profits and the stock price gains they made in 2010, Bloomberg News’s Linda Sandler reports, citing analysts.