British billionaire Joe Lewis, whose family trust owns the Tottenham Hotspur football club, will not spend any time in prison after he pleaded guilty to insider trading and conspiracy charges in New York, a US federal judge said. Judge G.L. Clarke cited his decision to promptly come to the United States to face charges and […]
By Jonathan Stempel NEW YORK (Reuters) – A former pharmaceutical executive and his cousin pleaded guilty on Wednesday to insider trading in Eastman Kodak, based on tips that the company was arranging a surprise $765 million loan from the Trump administration to make drug ingredients. Andrew Stiles and Gray Stiles each admitted to one count […]
By Jody Godoy NEW YORK (Reuters) -Two men pleaded guilty on Wednesday to insider trading in securities in the company that ultimately took former U.S. President Donald Trump’s media business public. Michael Shvartsman, 53, head of Miami-based venture capital firm Rocket One Capital, and his brother Gerald Shvartsman, 46, each pleaded guilty to one count […]
By Jody Godoy NEW YORK (Reuters) – An early investor in the company that took former U.S. President Donald Trump’s media business public pleaded guilty in Manhattan on Wednesday to a federal insider trading charge. Gerald Shvartsman pleaded guilty at a hearing before U.S. District Judge Lewis Liman. Prosecutors charged Shvartsman, his brother and a […]
By Jody Godoy NEW YORK (Reuters) – An early investor in the company that took former U.S. President Donald Trump‘s media business public pleaded guilty in Manhattan on Wednesday to a federal insider trading charge. Gerald Shvartsman pleaded guilty at a hearing before U.S. District Judge Lewis Liman. Prosecutors charged Shvartsman, his brother and a […]
Ajax have suspended chief executive Alex Kroes over allegations of insider trading before his appointment at the Eredivisie club. Kroes, who only started the role last month, was announced as chairman and CEO in August 2023 but the Dutch giants claimed in a statement that the 50-year-old had purchased 17,000 club shares a week earlier. […]
(Bloomberg) — One of the three investors charged with insider trading in connection with the listing vehicle that took Donald Trump’s media company public intends to change his not-guilty plea in the case less than a month before a federal court trial is set to begin. Most Read from Bloomberg US District Judge Lewis J. […]
SAN DIEGO (FOX 5/KUSI) — Three current and former minor league baseball players, including two defendants with ties to the San Diego area, have been accused of insider trading in Del Taco, Inc. stocks, prosecutors said. Valhalla High School graduate Austin Bernard, drafted by the Colorado Rockies, and Valley Center High School graduate Jordan Qsar, […]
The Securities and Exchange Commission announced today it would bar Sun Microsystems co-founder and early Google investor Andreas “Andy” Bechtolsheim for allegedly improperly trading based on information he learned from a longtime business contact while he was bound by a non-disclosure agreement. Bechtolsheim, 68, whose net worth is estimated to be around $18 billion, allegedly […]
BUDAPEST (Reuters) – Thousands of people protested in Budapest near parliament on Tuesday demanding the chief prosecutor and Prime Minister Viktor Orban resign after a former government insider accused a senior aide to Orban of trying interfere in a graft case. Protesters marched from the chief prosecutor’s office towards parliament shouting “Resign, resign”, with many […]
BUDAPEST, Hungary (AP) — A former Hungarian government insider turned oppositionist released an audio recording on Tuesday that he says is proof that top officials conspired to cover up corruption, the latest twist in a scandal that’s shaken Prime Minister Viktor Orbán’s domination of the country’s politics. The country’s largest protests in years erupted in […]
As the legal debate continues over whether sales of cryptocurrencies constitute securities, all eyes have been on a court case involving a Coinbase employee sharing insider information with his brother and a friend. While the main defendant, former Coinbase employee Ishan Wahi, and his brother have reached settlements with both the Department of Justice and […]