Sen. Richard Burr is stepping down as the Senate Intelligence Committee chairman after FBI agents seized his cell phone as part of a federal investigation of his mass sell-off of stocks.
FBI agents served a search warrant and seized Sen. Richard Burr’s cell phone as part of an investigation of his mass sell-off of stocks.
Steve Neavling ticklethewire.com Pro golfer Phil Mickelson said he’s cooperating with the FBI in an investigation involving allegations of insider trading. The USA Today reports that investigators are trying to determine whether Mickelson and Las Vegas gambler William “Billy” Walters illegally traded on public information from billionaire investor Car Icahn. Mickelson said he’s cooperating. “And…
Steve Neavling ticklethewire.com The FBI is investigating high-speed trading firms to determine whether they are engaged in insider trading, the Wall Street Journal reports. The investigation was launched a year ago but remains in the early stages. Among the focuses is whether high-speed investors are trading using information that others can’t access. Investigators also are…
Steve Neavling ticklethewire.com The Justice Department is working on a deal that would reduce the prison sentence of former Enron Chief Executive Jeffrey K. Skilling, the Los Angeles Times reports. Skilling was convicted of insider trading, securities fraud and conspiracy, among other charges, in 2006. His attorney has been trying to overturn the conviction ever…
Steve Neavling ticklethewire.com The FBI is investigating a series of suspiciously well-timed trades just before the $23 billion acquisition of H.J. Heinz Co., the New York Times reports. The probe comes as the Security and Exchange Commission froze a Swiss account tied to possible insider trading. The New York Times wrote that the well-timed options…
Steve Neavling ticklethewire.com A former research analyst apparently thought he was untouchable when the FBI began investigating him. John Kinnucan publicly mocked the bureau’s probe, calling agents “fresh-faced eager beavers.” Then on Tuesday, a federal judge sentenced Kinnucan to more than four years in prison for insider trading, CNN reports. Kinnucan, who was outspokenly critical…
Steve Neavling ticklethewire.com From espionage to cyber hacking, the FBI has taken on a lot of significant cases in 2012. The following list was posted by the FBI. Insider trading: Charges against seven investment professionals were announced in New York in January alleging an insider trading scheme that netted nearly $62 million in illegal profits….
