United States federal departments have expanded the scope of the fight against insider trading, uncovered a 007 movie plot network elements, including large bag big bag of money, disposable cell phone, a nickname "Octopus female" leaders and one named "Greece" of fellows.
A Federal Court in New York on a 24-page indictment, prosecution says there are 14 people took part in a gang, illegal insider trading profit 2,000 million. Allegedly the groups including several hedge fund traders, two lawyers and one credit rating company of a former junior analysts.
These prosecutions marks on Wall Street, Silicon Valley, and insider trading of ongoing criminal and civil investigations significantly expanded, is decades against the broadest range of insider trading case. Last month, hedge fund giant, qarn Group (Galleon Group) founder Raja Ratnam (Raj Rajaratnam), six were being sued. Raja Ratnam and others charged with unlawful profit, but their 2,000 are denied any violations.
Thursday indicted in some qarn case. In the indictment, the federal authorities that they had in qarn group and hedge fund Shaw's manifold Group (Schottenfeld Group) worked as a trader of high Buddha-(Zvi Goffer) is a group of core character, the groups including his brother, the Gray LLP law firm & Ropes of a lawyer, as well as six other traders and hedge fund managers.
United States Manhattan area Federal Prosecutor Bara la (Preet Bharara) announced the indictment of the news conference, internal staff free to violate company confidentiality ... Of our system of irony. United States Securities and Exchange Commission (SEC) filed a lawsuit.
High-fat, and brother's lawyer refused to comment. Shaw's manifold Group founder, high Buddha's former employer Shaw's manifold (Rick Schottenfeld) said, our high Buddha-criminal prosecution is deeply disturbed and shocked. He also said that this case does not mention any of the group, and stated that the existing employees of the company is working in cooperation with the departments concerned. High-fat-32-year-old Stephanie.
Thursday indicted person in five has pleaded guilty, and is assisting the Prosecutor ', including three traders-Ken (Roomy Khan), C.B. Lee and PHARE (Ali Far). The Wall Street Journal reported in earlier pointed out that this person is 3 investigation of cooperation of witnesses.
The Government stated that the Buddha with high, the groups use non-public information transactions Avaya Inc., 3Com Corp., Alliance Data Systems Corp. and Axcan Pharma Inc. stock. The indictment stated that these information include 33-year-old Mikati (Arthur Cutillo) provides for the acquisition of the company. Mikati Luo is headquartered in Boston law firm Ropes & Gray New York Office of the clerk.
The indictment stated that Brooklyn lawyer Gauld Farber (Jason Goldfarb) is Mikati Luo and high Buddha of intermediaries. Allegedly accused use disposable cell phone communicating information. Mikati Luo and Gauld Farber's lawyer refused to comment.
Ropes & Gray spokesman said the company was informed of the circumstances, very disappointed that shows this serious violation of our customers and the company's ethical obligations. He said that the company is to assist in the investigation.
The indictment stated that high Buddha, are groups of some as the "female" Octopus because his arm to so many Insider sources. "The Octopus female" is the 1983 production of 007 movie.
The indictment stated that, in the federal officers recorded in a telephone conversation, high Buddha-apparently worried that a deal is likely to attract attention, but on one of the accused and his accomplices who said that some people will go to prison, prison, so don't let you be the man.
The Government alleged that the accused know that the acquisition of 3 com company, they will be in August 2007, the purchase of the computer network of the company's stock.
The indictment alleged that in Bain Capital (Bain Capital) in September 2007, announced the acquisition of 3 com's plan, the Buddha, is a disposable cell phone fold in half, and bite off the mobile phone's SIM card and inform an unidentified "insider winners" dispose of the phone's other half.
The indictment says that this year in August, a bit worn a listening device for Government informants had requested a high Buddha-identified men charged with insider information provided to him. High Buddha, had previously said that this person "in construction work." The indictment alleges that the Buddha refused to go into high, and this person told the informer, he still didn't know as well, in case the Government who will ask him.
The indictment stated that high Buddha's brother discusses the use of disposable cell phones to one they called it "Greece" person on the phone. This man's identity cannot be determined.
High-is New York City residents Buddha, he worked at Shaw's manifold group and qarn group as traders, and later founded his own trading company Incremental Capital.
The indictment stated that Ropes & Gray card reference-at least four of the company as a consultant in mergers and acquisitions transactions to Gauld Farber delivery information, including 3Com and Axcam involved. The indictment stated that these Ropes & Gray in Silver Lake in transactions on behalf of TPG Capital and Parters, Bain Capital and acquisitions of interests.
P > Government allegations that 3Com company acquisition, Ropes & Gray on July 28, letter to the 3Com, Bain Capital is interested in purchasing it.The indictment stated that, in the evening of 6 August, Mikati Luo to Gauld Farber played 6 times passed to him about 3Com acquisition information. The indictment also said that night, Gauld Farber and this information is passed to the Buddha, which subsequently gave his 31-year-old brother Emmanuel. Emmanuel started the next day to buy the stocks of 3Com.
The next few days, high-fat, and 3Com acquisition of message passed to the other accused. The indictment stated that these people get through their respective trading in illegal profits of $ 212,541 nearly $ 5 million to.
Bain Capital and China's Huawei Technologies co., Ltd. proposed acquisition of 3 com's deal, because of the United States Government a Security Commission's opposition in March 2008 was forced to give up.
The indictment stated that the present case the defendant-dealers Delhi Moore (Craig Drimal) is the federal officers recorded by a telephone conversation on the Buddha, said that another person "hands have spare cash", he wants to "take care of me." Derry Moore was charged Axcam transactions illegal profits of $ 2 million. His lawyer declined to comment.
The indictment said that in addition a telephone conversation, Delhi Moore and high Buddha-conventions in Manhattan's upper east side. Federal Bureau of investigation (FBI) agents that, in the afternoon the next day the call 2 o'clock, they see Delhi Moore came to Manhattan First Avenue and 63rd Street interchange, here is the high-fat, not far from the residence. The indictment said that federal agents see high Buddha-the Delhi Moore car, get off at took a "home video size", FBI thinks that it's filled with cash.
5: 30 that afternoon, federal agents see high Buddha, drove to Gauld Farber's House, took a white bag into the building. Detectives believe bag full of cash.
United States Manhattan area Federal Prosecutor Bara la press conference in New York on insider trading case statement.
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