DiNapoli’s opponent concedes
NEW YORK CITY — The Republican former hedge fund manager who spent more than $3.8 million of his own money to challenge the Democratic incumbent for New York comptroller conceded the race Wednesday.
View ArticleJury to be selected in insider trading trial
NEW YORK CITY — Jury selection is slated to begin in the trial of a once-powerful hedge fund boss accused of making more than $50 million by trading secret information in the stock market.
View ArticleTaped phone chats played at Galleon trial
NEW YORK CITY — Prosecutors have played taped phone conversations at the start of the evidence phase of the insider trading trial of a one-time billionaire hedge fund boss. Conversations between Raj...
View ArticleJury hears giggles on tapes of finance’s elite
NEW YORK CITY — The jury at the insider-trading trial of a wealthy hedge fund founder listened Thursday to giggle-laced audio tapes of phone conversations that demonstrated his playful relationship...
View ArticleNY top court upholds firing compliance officer
ALBANY — New York’s top court has upheld the firing of a hedge fund’s compliance officer who says he confronted its chief executive about improperly selling personal stock ahead of making the same...
View ArticleFund pays $600M to settle insider trading charges
Hedge fund CR Intrinsic Investors will pay more than $600 million in what federal regulators are calling the largest insider trading settlement ever. The Securities and Exchange Commission charged the...
View ArticleFeds charge hedge fund SAC Capital
NEW YORK — The hedge fund operated by embattled billionaire Steven A. Cohen made hundreds of millions of dollars illegally and allowed unprecedented and pervasive insider trading to go unchecked for...
View ArticleHedge fund pleads not guilty to fraud charges
NEW YORK — A not guilty plea was entered Friday on behalf of a Connecticut-based hedge fund charged in a criminal indictment with letting insider trading flourish over a 10-year period as it grew into...
View ArticleHedge fund giant SAC Capital to pay $1.8B fine
NEW YORK — SAC Capital Advisors will plead guilty to criminal fraud charges, stop investing money for others and pay $1.8 billion — the largest financial penalty in history for insider trading — to...
View ArticleJudge sentences SAC Capital in $1.8B fraud deal
NEW YORK (AP) — The once high-flying hedge fund SAC Capital was sentenced on criminal fraud charges Thursday under a $1.8 billion deal that prosecutors said included the largest criminal fine ever...
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