Posts Tagged ‘Insider Trading
Two People Arrested in Disney Insider Trading Scheme
In a brilliant move, a former Disney employee and her boyfriend were arrested this morning in Los Angeles for allegedly trying to sell insider information regarding the media giant to various hedge funds for $15k a pop. Bonnie Hoxie, who worked as an assistant in Disney’s communications department, according to Dealbreaker, and her boyfriend, Yonni [...]
Millenium Partners Negrin Accused in First CDS Insider-Trading Case
According to FINalternatives, former Millenium Partners hedge fund manager Renato Negrin, who the Securities and Exchange Commission alleges made $1.2 million four years ago trading on non-public information about a bond offering from Dutch media company VNU Group, took the stand in his own defense and denied any wrongdoing. This is the first ever insider-trading [...]
FSA Arrests Include Deutsche Bank, BNP and Moore Capital Staff
As part of what is being called Britain’s financial regulator’s largest operation to crack down on insider trading, as many as eleven people from several very prestigious companies may be charged under suspicion of taking part in a long-running insider-dealing scheme. According to the BBC, Deutsche Bank, BNP Paribas, and the hedge fund Moore Capital [...]
Two main Galleon Defendents Request Separate Trials
Former New Castle Funds LLC trader Danielle Chiesi is looking pretty good these days, all things considered. (I can’t post the picture because I don’t own the rights or have that kind of money, but here’s the link). I mean, she is a co-defendant in what prosecutors are describing as the biggest hedge fund insider-trading [...]
Meshuga rabbi bungles hedge fund shake down
A prominent Brooklyn rabbi, accused 7 years ago of stealing government grants, was arrested on Thursday for blackmailing a Connecticut hedge fund for $4 million which he allegedly planned to give to two schools he works with (Bais Yaakov and Torah Vodaath). Awww. Gotta love a criminal with a heart of gold. Hope it’s worth [...]
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