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…
By Shira Ovide Wall Street Journal Hey, hedgies, better brush up on Preet Bharara’s CV and predilections. The U.S. Attorney for Manhattan is looking like the new Sheriff of Wall Street–-and he’s a Springsteen fan, to boot. Bharara’s office, along with the FBI and the SEC, are closing in on an insider-trading case that could…
By Allan Lengel For AOL News WASHINGTON — FBI agents are supposed to unearth scams, not become victims of them. This time is different. Some 300 retired and current federal agents — representing the FBI, the Drug Enforcement Administration and Immigration and Customs Enforcement — collectively invested tens of millions of dollars of retirement money…
By Allan Lengel ticklethewire.com WASHINGTON — Is the U.S. Attorney’s Office in Alexandria, Va., trying to run with the big dogs in New York in the area of securities fraud? A Wall Street Journal report gives a resounding Yes to that question. The paper’s Law Blog reports that U.S. Attorney Neil MacBride of Virginia “is…
By Allan Lengel ticklethewire.com WASHINGTON — The Justice Department has opened a preliminary investigation into Goldman Sachs, the poster child for greed in America. The New York Times, citing “people familiar with the matter’, said the Securities and Exchange Commission, which has filed a civil fraud suit against the financial giant, Goldman, referred the case…
By Allan Lengel ticklethewire.com The latest evidence that, Yes, the Securities and Exchange Commission was totally inept when it came to investigating Ponzi schemer Bernie Madoff comes from Madoff himself. In a transcript of a jailhouse interview released by the SEC’s Inspector General on Friday, Madoff says of detecting a Ponzi scheme: “Yes, it’s very…
It was painful enough seeing all the victims Bernie Madoff scammed. But it makes it all the more painful to be reminded of how incompetent the SEC was, and how this could have been exposed long ago. By DAVID STOUT New York Times WASHINGTON – Unseasoned investigators from the Securities and Exchange Commission were alternately…
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…
