By Steve Neavling ticklethewire.com Investors can be a skittish bunch. When they heard of the federal government’s suspicions of insider trading involving two hedge funds, Level Global Investors and Diamond Capital Management, they fled and the funds shut down, the New York Times reports. On Wednesday, the two men found guilty of insider trading, Todd…
By Allan Lengel ticklethewire.com Swindler Bernie Madoff, the king of Ponzi scams, told the New York Times that his family new nothing about his crimes, and that banks and hedge funds were “complicit” in his fraud and knew he was up to no good. From prison on North Carolina, Madoff said banks and hedge funds…
By Allan Lengel ticklethewire.com The big Wall Street folks with lots of money could soon be trading in those $3,000 tailored wool suits for orange jumpsuits in what promises to be a full blown, major scandal. F.B.I. agents on Monday raided offices of three hedge funds as part of an escalating probe into insider trading…
By Allan Lengel ticklethewire.com Yonni Sebbag won’t be going to Disney World any time soon. In fact, he’s probably going to a place far scarier. On Monday, in New York, Yonni Sebbag, 30, of Los Angeles, pleaded guilty to conspiring with his girlfriend to sell insider information about Walt Disney Co. stock, the U.S. Attorney’s…
