by Justin Knapp | Jul 10, 2008 | People
Andreas Sperl has been detained from a probe into insider trading. In June 2006, shares fell 26% in one day. Sperl and four other employees are being looked into for breaching an obligation to refrain from selling shares as a holder of privileged information. The full...
by Justin Knapp | Jul 8, 2008 | People
A bank clerk in London tried to steal nearly $36M from HSBC. He will face 9 years in prison. The BBC.co.uk article can be read here. He has been charged with conspiracy to defraud, money laundering and abusing a position of trust at HSBC.
by Justin Knapp | Jul 7, 2008 | People
Aaron Siegel of Investment News reports that David Pinkerton will not be convicted of conspiracy to violate the Foreign Currupt Practices Act or money-laundering conspiracy. Full article: Charges against AIG Global exec dropped Original report (Oct. 10, 2005): AIG...
by Justin Knapp | Jul 3, 2008 | People
Phillip Bennett formerly of Refco was sentenced to 16 years in prison for trying to hide huge losses from the investing public. The debt of $430M of the firm that Bennett controlled that was owed to Refco was hidden when Refco went public. The Yahoo article can be...
by Justin Knapp | Jul 2, 2008 | People
You can see the Times Topics page with articles about Joseph Nacchio here.
by Justin Knapp | Jul 2, 2008 | People
Gary Lewellyn faced a 20-year sentence for fleecing $17.7M from two banks in Iowa. The NY Times article, published on November 18, 1982, can be seen here.
