Rolling Stone Opinion I don’t want to sound like a broken record, but . . . the latest ploy by the government to insist it is “getting tough” on Wall Street is beyond laughable. The tough new-and-improved regime, as described by the curiously credulous Dealbook, is a policy of extracting criminal guilty pleas from foreign…
Steve Neavling ticklethewire.com Janice Fedarcyk, the fist woman to head the N.Y. FBI office, who oversaw some major terrorists, mob and Wall Street probes, is retiring to enter the private sector, the Wall Street Journal reports. Janice Fedarcyk, assistant director in charge of the New York bureau, plans to start a consulting firm in Washington…
By Steve Neavling ticklethewire.com A federal crackdown on illicit trading on Wall Street netted its latest catch with the conviction of Rajat Gupta, a business insider and former board member of Goldman Sachs Group Inc., Reuters reports. Gupta was convicted Friday on charges that he leaked confidential information about Goldman Sachs during the peak of…
By BEN PROTESS and AZAM AHMED New York Times Gordon Gekko is cooperating with the F.B.I. No, there’s not another big-budget Oliver Stone follow-up to “Wall Street” in the works. Instead, Michael Douglas, who played the financier in the 1987 movie and the sequel, is now starring in a straight-to-television video for the Federal Bureau…
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 Danny Fenster ticklethewire.com Who knew an advisory roll could pay out so well? Hajime Sagawa and Akio Nakagawa, two Japanese bankers, spent their career moving from firm to firm on Wall Street, reports the New York Times. Then, when advising the Japanese company Olympus–largely successful in medical equipment but better known as a…
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 FBI officials are warning major Wall Street banks that al Qaeda terrorists in Yemen may be plotting to attack their institutions or top executives, NBCNewYork reported. The TV station reported that intelligence officials stressed that the threats were general in nature and there was “no indication of a targeted assassination plot”…
