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’FBI opens preliminary inquiry into News Corp 9/11 allegations [updated]
From the New York Times on Thursday afternoon:
In response to requests from members of Congress and at least one news media report, the Federal Bureau of Investigation in New York on Thursday opened a preliminary inquiry into allegations that News Corporation journalists sought to gain access to the phone records of victims of the Sept.
Are you an insider trader?
That’s a question Reuters’ Matthew Goldstein asks in a special report published Wednesday on how the FBI’s Behavioral Analysis Unit (BAU) is helping the SEC investigate white collar crime.
From the report:
Can dogs really smell cell phones?
Apparently so.
We ask as this was mentioned by Matthew Kluger, the M&A lawyer charged on Wednesday with earning $32m through insider trading. Garrett Bauer, a trader, was also charged with using MNPI — material non-public information,
Avoid the bank between 9-11am, and on Fridays…
… as those are the time and day of the week when robberies are most likely to occur.
That’s from the FBI’s just-released bank crime statistics report for full year 2010, which turned out to be a much lousier year than 2009 (for the bank robbers):
A customizable client compliance programme
Watch out — here comes a late entrant for euphemism of the year.
The FBI arrested four people on Thursday in connection with alleged insider trading, following a further arrest last month. Two of those arrested were employees of Primary Global Research,
[Galleon] Zvi Goffer et al – new readers start here
Some 21 individuals and firms are now facing — or have faced — court action stemming out of the investigation into an alleged $20m insider trading ring.
Here’s the re-re-revised complaint from the SEC with details on the sprawling investigation. Get yourself a coffee or something – it’s 50 pages long.
[Galleon] More stoolies in the Rajaratnam-Goffer case
The complaint documents associated with the latest swoop on those allegedly dealing inside make it abundantly clear the FBI has made very extensive use of co-operating witnesses.
In particular, there is bound to be speculation on the identity of someone referred to as “CS-1,”
[Galleon] “I’ll be like Martha ……. Stewart” – FBI cracks alleged Rajaratnam ring
Okay, this looks like a big one. The FBI and other US enforcement agencies on Friday moved against an alleged insider dealing ring stretching from Wall Street to Silicon Valley, by way of Bear Stearns,
Another day, another (alleged) fraud
From Reuters:
NEW YORK , July 8 (Reuters) – Six employees of a retail brokerage surrendered to the FBI in New York on Wednesday as they face charges for a purported $140 million fraud, an official at the FBI said.
Goldman Black Box heist latest
Courtesy of Reuters.
18:30 06Jul09
RTRS-GOLDMAN SACHS GROUP INC SEES NO IMPACT ON CLIENTS OR BUSINESS AFTER COMPUTER PROGRAMMER HELD FOR STEALING SECRET TRADING CODES – SOURCE.
and from the same source a little earlier.
Beverley hills hedgie
From AP (via Fintag) – over the weekend:
Bradley L. Ruderman, 46, surrendered to FBI agents after being named in a wire fraud complaint. He was later released on $500,000 bond.
Ruderman had already had a complaint lodged against him in a civil case by the SEC. But the interesting part came with the FBI involvement:
[The Stanford Series] Sir Allen Stanford, you’ve been served
“On February 19, 2009, at the request of the Securities and Exchange Commission, Special Agents of the Federal Bureau of Investigation’s Richmond Division located and identified Stanford Financial Group chairmanAllen Stanford in the Fredericksburg,
Bear raid
Ralph Cioffi and Matthew Tannin – the two former Bear Stearns hedge fund managers – have been arrested by agents from the FBI. Cioffi was the funds’ senior portfolio manager, while Tannin acted as his COO.