Tag:
Indictments
Latest Headlines
Latest Headlines
Wall Street firms face GIC contract probe; mystery witness emerges
Add this to the list of enforcement woes plaguing top Wall Street firms: the Justice Department is apparently making headway in its criminal investigation of banks for bid-rigging in the guaranteed income contract market, a practice that bilked municipalities out of interest income and the IRS out
Rajaratnam, Chiesi, court showdown looms
A federal grand jury has handed down indictments of Raj Rajaratnam and Danielle Chiesi, two figures said to be at the heart of a massive insider trading scheme. These formal charges come two weeks after they were rounded up by law enforcement officers. US prosecutors have to decide this week wheth
More aggressive probes of hedge funds coming?
In the wake of the Galleon hedge fund insider trading scandal, a lot of hedge fund pros are on edge. More indictments could be coming at some point. The anxiety was heightened by the news that a procedural change at the SEC has made it easier for the enforcement staff to obtain subpoenas.
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Wall Street firms dodge a bullet
The Washington Post reports that the Justice Department has decided it will not seek indictments against Wall Street firms, concentrating instead on individuals. So it seems unlikely that we'll see another Arthur Andersen, which was (in)famously dealt the corporate death sentence six years ago
More Bear Stearns charges coming?
NPR reports that there could be new indictments against Ralph Cioffi and Matthew Tannin, the two Bear Stearns execs who have already been charged with misleading investors. The new charges reportedly would deal with the funds relationship with the banks that provided credit and various gua
