Mark Cuban Is Not Happy With The Insider Trading Investigation Of Carl Icahn
After fighting insider trading charges and winning, the Dallas Mavericks owner says "Until you have waken up to headlines accusing you of wrong doing by the government or others you have no idea how Important due process is."
SEC Charges Former Microsoft Employee With Insider Trading
The SEC accused Brian Jorgenson, a former Microsoft employee, and his friend Sean Stokke of trading on advance knowledge of Microsoft's earnings and relationship with Barnes & Noble in order to seed their hedge fund. The SEC says the two made $393,125 over more than a year.
Death By A Thousand Cuts: The Law's Pursuit Of Steven Cohen
Federal regulators have been after SAC Capital for the better part of a decade, slowly chipping away at Steven Cohen's empire. But will the most recent charges brought against SAC Capital by a federal grand jury finally drive Cohen out of the business of investing public money?
Super Sad (Allegedly) True Insider Trading Love Story
The Securities and Exchange Commission accused a former Dow Chemical executive of leaking news of an impending merger to a high school buddy. The Commission says he found out from his live-in girlfriend with whom he had "shared a relationship of trust and confidence." When it comes to insider trading, everything good about a relationship can be bad.
Billionaire Steven Cohen Becomes A Populist In Attempt To Save His Hedge Fund
Attorneys for billionaire Steven A. Cohen of SAC Capital told federal prosecutors that if they didn't drop an insider trading investigation up to 1,000 people could lose their jobs. But Cohen is really only looking to save himself.
Jon Stewart's Hilarious Joe Lieberman Impersonation
This is spot-on. Jon Stewart opened tonight's "Daily Show" with a segment deriding Congress for its continued reluctance to ban its members from profiting through insider trading. It's worth watching in its entirety, but the segment's highlight was undoubtedly Stewart's impersonation of Connecticut Sen. Joe Lieberman. (via Mediaite)
Hedge Fund Billionaire Sentenced To 11 Years For Insider Trading
Raj Rajaratnam illegally used inside info to trade Goldman Sachs, Google, Intel, and Hilton stocks. According to U.S. District Judge Richard J. Holwell, Rajaratnam's action's "reflect a virus in our business culture that needs to be eradicated.”