Kim Dotcom, the founder of file-sharing site Megaupload.com who faces a lengthy jail term in the United States if convicted of racketeering, money laundering and Internet piracy, seems to have a mischievous sense of humor.
President Obama delivered his 2012 State of the Union Address on Tuesday night, making a bid for 2012 reelection. In a sweeping speech, the President touched upon issues like taxes, the economy, manufacturing and keeping the American dream alive. Though the current State of the Union is quite shaky, Obama highlighted the progress being made and attempted to solidify a sturdy campaign base.
Diamondback Capital Management will pay more than $9 million to settle allegations of insider trading at the Stamford, Connecticut-based hedge fund.
Kim Schmitz, founder of Megaupload and otherwise known by his alias Kim Dotcom, was arrested by the Department of Justice Thursday for content piracy and losses to copyright owners that amount to $500 million. Schmitz was found by police in his New Zealand mansion's safe room, with what looked like a sawed-off shotgun Detective Inspector Grant Wormald said.
Federal authorities announced at a press conference on Wednesday that seven individuals were brought up on insider trading charges as part of a five-year investigation conducted by the Justice Department.
Hedge fund titan Steven A. Cohen is once again in the spotlight over allegations of improper trading at his $14 billion SAC Capital Advisors.
U.S. prosecutors charged seven people, described as a circle of friends who formed a criminal club, with running a $62 million insider trading scheme - the latest salvo in a years-long probe of suspicious trading at hedge funds.
Seven people were charged with a scheme to reap nearly $62 million in illegal profits on trades on Dell Inc shares, the latest salvo in a sweeping probe of suspicious trading at hedge funds.
The FBI is in the process of arresting Anthony Chiasson, who co-founded the Level Global Investors hedge fund, and others as part of the government's sweeping probe into insider trading, a person familiar with the matter said on Wednesday.
The years-long delay in bringing three former Nortel Networks executives to trial for fraud has reinforced Canada's well-earned reputation as a laggard in markets enforcement, particularly when compared with the United States, its critics say.
David Kotz, the inspector general at the Securities and Exchange Commission who has a reputation as a tough watchdog, is leaving the agency at the end of January, the SEC said on Tuesday.
The founders of engineering and construction firm Jaiprakash Associates said they would challenge an order by the Securities and Exchange Board of India (SEBI), India's capital market regulator, penalising them on insider trading charges.
A New York federal judge on Thursday damped hopes that he would throw out government wire tap evidence in the insider trading trial of Rajat Gupta, a former board member of Goldman Sachs and Procter & Gamble .
A New York federal judge on Thursday damped hopes that he would throw out government wire tap evidence in the insider trading trial of Rajat Gupta, a former board member of Goldman Sachs and Procter & Gamble .
The SEC is employing a host of new techniques in order to catch Wall Street crooks.
China has arrested former executives at two brokerages on charges of insider trading, the securities watchdog said, as part of a crackdown on market malpractice that the new head of the agency has said will be one of his top priorities.
The top after-market NASDAQ Stock Market gainers are: Research In Motion, FSI International, Cintas, Suffolk Bancorp, and Westell Technologies. The top after-market NASDAQ Stock Market losers are: Oracle, L & L Energy, Columbia Laboratories, Epoch Investment Partners, and Autodesk.
Hedge fund billionaire Steven A. Cohen in sworn testimony earlier this year called the rules on insider trading very vague and said sometimes it's a judgment call as to whether a tidbit about a public company is inside information.
Hedge fund billionaire Steven A. Cohen in sworn testimony earlier this year called the rules on insider trading very vague and said sometimes it's a judgment call as to whether a tidbit about a public company is inside information.
Tracy Postert, a former Occupy Wall Street protester, accepted a job offer to join a Wall Street firm.
Insider trading by federal lawmakers is unlawful, but "distinct legal and factual issues" may arise and make the investigation or prosecutions difficult to proceed. However, any statutory changes on insider trading should be "carefully calibrated" to ensure they do not narrow current law, a top Securities and Exchange Commission official warned Tuesday.
Raj Rajaratnam, 54, the founder of the Galleon Group and a hedge fund multimillionaire, began his 11-year prison sentence at a former military base, near the town of Ayer, Massachusetts.
