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Illegal Trading

All articles tagged with #illegal trading

legalcrime2 years ago

"Tottenham Hotspur Billionaire Joe Lewis Admits Guilt in Insider Trading Scandal"

British billionaire and Tottenham Hotspur owner Joe Lewis admitted in a New York court to providing his girlfriend and pilots with illegal stock tips, resulting in a plea deal that includes a $50 million penalty for his company. The 86-year-old faces up to two years in prison and has expressed remorse, with his attorney likely to seek leniency due to his age. Lewis' guilty pleas come after being charged with divulging inside stock information to his ex-girlfriend and pilots, with their cases still pending.

via New York Post |
#illegal-trading#joe-lewis#legalcrime
business2 years ago

Arrests Made in Insider Trading Case Involving Trump Media Merger

Three men, including Michael Shvartsman of Rocket One Capital, have been charged by federal authorities for participating in a scheme to make $22 million in illegal profits by trading ahead of the proposed merger between former President Donald Trump's social media company and a public shell company. The investigation focused on trading in the securities of Digital World Acquisition Group, a special purpose acquisition company. The individuals charged are not connected to Trump or anyone associated with Trump Media & Technology Company. The Securities and Exchange Commission is also investigating the merger discussions and improper trading, which has delayed the completion of the deal.

via The New York Times|
#business#digital-world-acquisition-group#illegal-trading