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The 2020 congressional insider trading scandal was a political scandal in the United States involving allegations that several members of the United States Senate violated the STOCK Act by selling stock at the start of the COVID-19 pandemic in the United States and just before a stock market crash on February 20, 2020, using knowledge given to them at a closed Senate meeting.
The Raj Rajaratnam/Galleon Group, Anil Kumar, and Rajat Gupta insider trading cases are parallel and related civil and criminal actions by the U.S. Securities and Exchange Commission and the United States Department of Justice against three friends and business partners: Galleon Group hedge fund founder-owner Raj Rajaratnam and former McKinsey & Company senior executives Anil Kumar and Rajat ...
On the day she was indicted, the U.S. Securities and Exchange Commission filed a civil complaint [3] against Stewart with charges of insider trading (for violating § 17(a) of the Securities Act of 1933, § 10(b) of the Securities Exchange Act of 1934, and SEC Rule 10b-5). [4] The civil charges were stayed pending the criminal proceeding. [5]
The investing public watched in amazement as the stock price of Kodak — the once-giant film manufacturer that saw most of its business vanish in a flash with the advent of the digital camera ...
Ivan Frederick Boesky ( / ˈboʊski /; [ 1] March 6, 1937 – May 20, 2024) was an American stock trader known for his prominent role in an insider trading scandal in the mid-1980s. [ 2] He pleaded guilty, was fined a record $100 million, served three years in prison, and became a government informant.
Raj Rajaratnam. Rajakumaran Rajaratnam (born June 15, 1957) is a Sri Lankan-American former hedge fund manager and founder of the Galleon Group, a New York -based hedge fund management firm. [ 4][ 5] He is also the author of his memoir, Uneven Justice: The Plot to Sink Galleon. In 2008, Raj was listed as the 262nd richest man in the United ...
Billy Walters (gambler) William T. Walters (born July 15, 1946) [ 1] is an American entrepreneur, philanthropist, New York Times best-selling author, [ 2] and one of the most successful American sports bettors of all time, having a winning streak which extended over 30 years. [ 3] Walters was convicted of insider trading and received a 5-year ...
Michael Robert Milken (born July 4, 1946) is an American financier. He is known for his role in the development of the market for high-yield bonds ("junk bonds"), [ 2] and his conviction and sentence following a guilty plea on felony charges for violating U.S. securities laws. [ 3] Milken's compensation while head of the high-yield bond ...