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UnitedHealthcare CEO Brian Thompson was facing a lawsuit accusing him and other executives of insider trading related to an ongoing Justice Department investigation before he was fatally shot ...
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 on Wall Street, has died at the age of 87. His daughter Marianne Boesky told The New York Times on Monday that he died in his sleep, and his wife confirmed Boesky's death to The Washington Post.
According to the lawsuit, Thompson was allegedly aware of the investigation and sold 31% of his shares 11 days before the Wall Street Journal reported the probe in February, which sunk the company ...
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 million in 2023) worth of start-up money from his wife's family [6] with a business plan that speculated on corporate takeovers.
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.
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.
A financial executive was convicted Thursday of enabling his boss and others to make over $22 million illegally by trading off his tips ahead of the public announcement that an acquisition firm ...