securities fraud

Leniency sought for Indian-American insider trading witness


July 17th, 2012 - 12:02 pm ICT by IANS
New York, July 17 (IANS) US prosecutors have made a plea for leniency for a former Indian-American executive of McKinsey & Co whose testimony helped convict Wall Street giants Raj ... Read more...

Posted in Business |

Rajat Gupta’s fall ‘from lofty board room to lowly jail cell’


June 16th, 2012 - 1:04 am ICT by IANS
New York, June 15 (IANS) The conviction Friday of the one-time poster boy of Indian business in America, Rajat Gupta, on charges of securities fraud marks yet another phase in ... Read more...

Posted in Business |

Rajat Gupta convicted on insider trading charges (Second lead)


June 16th, 2012 - 12:09 am ICT by IANS
New York, June 15 (IANS) The one time poster boy of Indian business in America, Rajat Gupta was convicted Friday of four of six counts on charges of providing insider ... Read more...

Posted in Business |

Rajat Gupta convicted on four counts by US jury (Lead)


June 15th, 2012 - 11:53 pm ICT by IANS
New York, June 15 (IANS) Former Goldman Sachs' Indian American director Rajat Gupta was convicted Friday of four of six counts on charges of providing insider tips to convicted hedge-fund ... Read more...

Posted in Business |

Rajat Gupta convicted on 4 counts


June 15th, 2012 - 11:35 pm ICT by IANS
New York, June 15 (IANS) Former Goldman Sachs' Indian American director Rajat Gupta was convicted Friday of four of six counts on charges of providing insider tips to convicted hedge-fund ... Read more...

Posted in World |

Rajat Gupta’s lawyers say traders ‘bragged’ falsely about tipsters


May 31st, 2012 - 11:28 am ICT by IANS
New York, May 31 (IANS) Convicted hedge fund billionaire Raj Rajaratnam and traders at his Galleon Group "exaggerated" and "bragged" about having sources of inside information, lawyers for Indian American ... Read more...

Posted in Business |

Indian American manager pleads guilty to insider trading


May 22nd, 2012 - 11:48 pm ICT by IANS
Washington, May 22 (IANS) A former executive at Yahoo! and a former Indian-American mutual fund manager have pleaded guilty to fraud and insider trading charges relating to deals between Yahoo and ... Read more...

Posted in World |

Russia slams hacker’s extradition to US


January 20th, 2012 - 5:50 am ICT by IANS
Moscow, Jan 20 (IANS/RIA Novosti) Moscow has accused Washington of unlawfully extraditing a Russian national from Switzerland, the foreign ministry spokesman said.Alexander Lukashevich said Thursday that Russian national Vladimir Zdorovenin, ... Read more...

Posted in Uncategorized |

Rajat Gupta’s trial set for April 9


October 27th, 2011 - 11:37 am ICT by IANS
New York, Oct 27 (IANS) A New York court has set April 9 as the tentative date for the trial of Rajat Gupta, former Indian American director of Goldman Sachs ... Read more...

Posted in Business |

Ex-Goldman Sachs director Gupta arrested, charged in insider trading case


October 26th, 2011 - 11:13 pm ICT by BNO News
NEW YORK (BNO NEWS) -- Former Goldman Sachs director Rajat Gupta was arrested by the Federal Bureau of Investigation (FBI) on Wednesday morning and indicted for allegedly engaging in an insider trading ... Read more...

Posted in Business |

Rajat Gupta indicted in insider trading case


October 26th, 2011 - 11:08 pm ICT by IANS
New York, Oct 26 (IANS) Rajat Gupta, a former Indian-American Goldman Sachs director, was indicted for securities fraud by a US federal court shortly after he surrendered to authorities Wednesday ... Read more...

Posted in Business |

Indian-American pleads guilty in US to insider trading


May 28th, 2011 - 10:32 pm ICT by IANS
New York, May 28 (IANS) Samir Barai, an Indian-American hedge fund portfolio manager, has pleaded guilty to securities fraud and other charges brought on as part of the US government's ... Read more...

Posted in World |

Indian-American witness gave ‘bizarre’ testimony: Rajaratnam’s lawyer


April 22nd, 2011 - 11:21 am ICT by IANS
New York, April 22 (IANS) Lawyers of Raj Rajaratnam have dubbed the testimony of former Intel treasury official Rajiv Goel, who pleaded guilty to passing tips to the hedge fund ... Read more...

Posted in World |

Defence rests case against Indian-origin billionaire Raj Rajaratnam


April 19th, 2011 - 1:09 pm ICT by ANI
Washington, Apr 18 (ANI): The defence team of Raj Rajaratnam, the Indian-origin billionaire co-founder of the Galleon Group who has been accused of making tens of millions of dollars on insider tips, ... Read more...

Posted in World |

Rajaratnam’s lawyers rest case, prosecutors end with new wiretap


April 19th, 2011 - 11:16 am ICT by IANS
New York, April 19 (IANS) As hedge fund tycoon Raj Rajaratnam's lawyers rested their case with a finance professor's testimony that he did not trade on inside information, prosecutors played ... Read more...

Posted in World |

Rajaratnam made $63.8 mn through inside trading


April 7th, 2011 - 10:45 am ICT by IANS
New York, April 7 (IANS) Hedge fund tycoon Raj Rajaratnam gained $63.8 million through trading with tips from among others two Indian Americans, an FBI agent testified as prosecutors rested ... Read more...

Posted in Business |

Indian American tipsters helped Rajaratnam make millions: FBI


April 6th, 2011 - 12:59 pm ICT by IANS
New York, April 6 (IANS) A US Federal Bureau of Investigation (FBI) agent has testified how hedge fund tycoon Raj Rajaratnam made millions thanks to secret tips from company insiders ... Read more...

Posted in Business |

Rajaratnam’s lawyers grill star Indian American witness


March 16th, 2011 - 12:29 pm ICT by IANS
New York, March 16 (IANS) Lawyers of hedge fund tycoon Raj Rajaratnam sought to discredit prosecution's star witness Indian American Anil Kumar calling him a money launderer and tax dodger ... Read more...

Posted in World |

Billionaire hedge-fund head Rajaratnam faces 100 years in US prison


March 10th, 2011 - 2:56 pm ICT by ANI
New York, Mar 10(ANI): A Sri Lankan born-American, who founded the Galleon Group, a New York-based hedge fund management, used "stolen business information to steal tens of millions of dollars", a federal ... Read more...

Posted in World |

Rajaratnam stole information to steal millions: Prosecution


March 10th, 2011 - 12:37 pm ICT by IANS
New York, March 10 (IANS) Galleon Group founder Raj Rajaratnam used "stolen business information to steal tens of millions of dollars", prosecution argued at the start of what has been ... Read more...

Posted in World |

US prosecutor says Rajat Gupta part of insider trading


March 5th, 2011 - 12:33 pm ICT by IANS
Washington/New York, March 5 (IANS) After the Securities and Exchange Commission (SEC), a US federal prosecutor has alleged that Indian-American Rajat Gupta, a former Goldman Sachs director, was part of ... Read more...

Posted in Business |

Banks, hedge funds were somehow “complicit” in massive Ponzi scheme, says Madoff


February 16th, 2011 - 6:17 pm ICT by ANI
New York, Feb 16 (ANI): Bernard L. Madoff, the man who is serving a 150-year sentence over defrauding people of billions of dollars while operating a vast Ponzi scheme that began at ... Read more...

Posted in World |

Trial delayed in Indian American insider trading case


February 11th, 2011 - 2:50 pm ICT by ANI
New York, Feb. 11 (ANI): A federal court judge in Manhattan on Thursday postponed the start date for the securities fraud trial of Galleon Group founder Raj Rajaratnam until March 8.According to ... Read more...

Posted in World |

Indian American charged in US insider trading


February 9th, 2011 - 11:39 am ICT by IANS
By Arun Kumar New York, Feb 9 (IANS) Intensifying a crackdown on alleged insider trading by hedge funds, US prosecutors have brought criminal charges against Samir Barai, an Indian-American hedge fund portfolio manager ... Read more...

Posted in Business |

Larry Wilcox Sentenced To Probation


January 29th, 2011 - 5:36 pm ICT by GD
By Meena Kar Jan 29, (THAINDIAN NEWS) Larry Wilcox the 63 year old renowned "ChiPs star" star, more popularly known as Jonathan "Jon" Baker, was pleaded guilty for he allegedly committed securities fraud. ... Read more...

Posted in Entertainment |

Bernard Madoff’s son, Mark, found dead on second anniversary of father’s arrest


December 11th, 2010 - 9:50 pm ICT by BNO News
NEW YORK CITY (BNO NEWS) -- Mark Madoff, the son of disgraced financier Bernard Madoff, was found dead in his New York City home on Saturday morning, police said. It ... Read more...

Posted in World News |

Apex court reserves verdict on monitoring spectrum probe (Second Lead)


December 8th, 2010 - 9:16 pm ICT by IANS
New Delhi, Dec 8 (IANS) The Supreme Court Wednesday reserved its verdict on a petition seeking its monitoring of the Central Bureau of Investigation (CBI) probe into the 2G spectrum controversy.The petition ... Read more...

Posted in Business |

Two former employees of Bernard Madoff arrested


November 19th, 2010 - 1:11 am ICT by BNO News
NEW YORK (BNO NEWS) -- Two former employees of Bernard Madoff were arrested on Thursday for their participation in Madoff's fraud scheme, the largest financial fraud in history, prosecutors said.Annette Bongiorno, 62, ... Read more...

Posted in Business |

CHiPs star Larry Wilcox nailed for securities fraud


October 8th, 2010 - 10:59 pm ICT by Aishwarya Bhatt
“CHiPs” actor Larry Wilcox of West Hills in California has been charged with securities fraud by federal regulators in the United States.Wilcox who is famous for his role in the 1970s series ... Read more...

Posted in Business, Entertainment |

Movie Review: Wall Street (2010)


September 25th, 2010 - 12:50 pm ICT by Sampurn Wire
Wall Street - Money Never Sleeps: Worth a watch for DouglasRating: 3 out of 5*Starring: Michael Douglas, Shia LaBeouf, Carey Mulligan, Susan Sarandon and Josh BrolinDirector: Oliver StoneSeptember 25, 2010 (Sampurn ... Read more...

Posted in Entertainment |

Former IBM Exec Robert Moffat Sentenced to 6 Months, $50,000 Fines


September 14th, 2010 - 10:52 pm ICT by Angela Kaye Mason
Sep 14 (THAINDIAN NEWS) Robert Moffat spent 31 years working for IBM and is now facing six months in prison after he plead guilty in March, and admitted that he has given ... Read more...

Posted in Technology Industry News |

Former IBM executive Robert Moffat jailed for 6 months for ‘insider trading’


September 14th, 2010 - 10:51 pm ICT by Aishwarya Bhatt
Sep 14 (THAINDIAN NEWS) Former IBM senior executive, Robert Moffat has been sentenced to 6 months in prison for what authorities in the United States are calling the biggest insider trading scandal ... Read more...

Posted in Technology Industry News |

Former GlobeTel CEO sentenced to over four years in prison for securities fraud


July 27th, 2010 - 3:12 am ICT by BNO News
MIAMI (BNO NEWS) – The former CEO of GlobeTel was sentenced to more than 4 years in prison for charges involving a $22 million securities fraud, prosecutors announced on Monday.Timothy Huff pleaded ... Read more...

Posted in Business |

Kenneth Starr’s arrest may aid the Wesley Snipes tax evasion case


June 27th, 2010 - 8:56 pm ICT by Aishwarya Bhatt
Los Angeles, Jun 27 (THAINDIAN NEWS) The movie star - Wesley Snipes is hoping that the arrest of Kenneth Starr, a prosecuting witness during his 2008 tax evasion trial, may help ... Read more...

Posted in Entertainment |

Wesley Snipes Tax Evasion Case Gets New Twist


June 27th, 2010 - 7:49 pm ICT by GD
By Ranjan Bhaduri Atlanta, June 27, (THAINDIAN NEWS) The lawyers of actor Wesley Snipes are hoping that the arrest of his former financial adviser can come as a boon for him. They are ... Read more...

Posted in Entertainment |

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