Steve Neavling ticklethewire A former Wells Fargo investment banker is accused of tipping off investors in an insider trading scheme in exchange for gold and cash, the FBI announced Thursday. The banker, John Femenia, was indicted along with eight accused insider traders in an indictment unsealed Thursday. Femenia, who faces up to 30 years in…
By BEN PROTESS and PETER LATTMAN New York Times Federal authorities announced insider trading charges against seven people on Wednesday, accusing them of earning nearly $62 million illegally trading on shares of Dell. The Federal Bureau of Investigation arrested four people across the country as part of the case, an escalation of the government’s aggressive…
By Allan Lengel ticklethewire.com Donald Johnson, a former managing director of the NASDAQ Stock Market, was sentenced Friday to 3 1/2 years in prison for engaging in insider trading on multiple occasions using non-public information he obtained in his role as a NASDAQ executive, authorities said. Johnson was also ordered to forfeit $755,066. Johnson, 57,…
By Allan Lengel ticklethewire.com A federal judge on Wednesday chastised the FBI for listening to wiretapped conversations that were private or irrelevant, calling the agency’s action “unnecessary”, “voyaeuristic” and “disgraceful.” But he refused a request by the defense to bar all tapes from being used in an upcoming insider trading trial in Manhattan. Defendant Craig…
By David S. Hilzenrath Washington Post Staff Writer WASHINGTON –By mid-March, as the government tells it, Matthew H. Kluger knew the FBI was closing in. As a lawyer for three of the nation’s premier corporate law firms, most recently in the Washington office of Wilson Sonsini, he had allegedly stolen secrets that yielded tens of…
Well, Mark Cuban caught a big break. Now let’s see if he can concentrate more to make his disappointing NBA team better by making an above-board trade. Mark Cuban/60 mins. By ERIC TORBENSON and BRENDAN CASE The Dallas Morning News DALLAS — A federal judge has tossed out the Securities and Exchange Commission’s insider-trading suit…
