A Morgan Stanley broker and a law firm employee were charged with insider trading in a scheme that included passing tips on notes and napkins that a middleman swallowed under the big clock in Grand Central Terminal.
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.
Prosecutors rested their insider- trading case against ex-Galleon Group LLC trader Zvi Goffer , who offered no evidence on his own behalf, while a lawyer for one of Goffer’s accused accomplices, Michael Kimelman , tried to show his client didn’t trade on illegal tips.
Prosecutors rested their insider- trading case against ex-Galleon Group LLC trader Zvi Goffer , his brother Emanuel, and accused accomplice Michael Kimelman as the traders offered evidence that they didn’t trade on illegal tips.
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.
SAC Capital Advisors LP’s Michael Steinberg became the fund’s longest-serving manager to be convicted of insider trading in a U.S. victory that may increase pressure on his accused one-time colleague, Mathew Martoma, to cooperate in the probe of founder Steven A. Cohen.
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.