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On Friday October 16, 2009, Raj Rajaratnam was arrested by the FBI and accused of conspiring with others in insider trading in several publicly traded companies. U.S. Attorney Preet Bharara put the total profits in the scheme at over $60 million, telling a news conference it was the largest hedge fund insider trading case in United States history.
Ivan F. Boesky, the flamboyant stock trader whose cooperation with the government cracked open one of the largest insider trading scandals in the history of Wall Street, has died at the age of 87.
In 1966, Boesky and his wife moved to New York where he worked for several stock brokerage companies including L.F. Rothschild and Edwards & Hanly.In 1975, he initiated his own stock brokerage company, Ivan F. Boesky & Company, with $700,000 (equivalent to $4.1 million in 2024) worth of start-up money from his wife's family [6] with a business plan that speculated on corporate takeovers.
And it’s reigniting insider-trading concerns Nancy Pelosi’s husband dumped 2,000 Visa (V) shares in July — just weeks before the payments giant was sued by the U.S. Department of Justice ...
In 2003, the New York Times wrote that "SAC is one of the biggest hedge funds and is known for frequent and rapid trading." [13] In 2006, The Wall Street Journal reported that, while Cohen was once a rapid-fire trader who never held trading positions for extended periods, he now held an increasing number of equities for longer periods. [6] [14]
According to a disclosure form obtained by Unusual Whales and congresstrading.com, Pelosi purchased 50 call options with a strike price of $120 and an expiration date of Dec. 20, 2024 — with a ...
"A Raid on Wall Street" Time magazine article describing Martin Siegel's involvement in the insider trading scandals of the 1980s; Taking America: How We Got from the First Hostile Takeover to Megamergers, Corporate Raiding, and Scandal, by Jeff Madrick, Beard Books, 2003. Retrieved March 10, 2019. ISBN 978-1587982170
The Galleon Group was one of the largest hedge fund management firms in the world, managing over $7 billion, before closing in October 2009. [1] The firm was the epicenter of a 2009 insider trading scandal which subsequently led to its fall.