Securities and Exchange Commission v. Pequot Capital Management, Inc., et al., Civil Action No. 3:10-CV-00831-CVD (United States District Court for the District of Connecticut, Complaint filed May 27, 2010).The Securities and Exchange Commission today announced the award of $1 million to Glen Kaiser and Karen Kaiser of Southbury, Connecticut, who provided information and documents leading to the imposition and collection of civil penalties in the above litigation.
Posts Tagged ‘Civil Penalties’
SEC Awards $1 Million for Information Provided in Insider Trading Case
July 27th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Capital Management Inc, Civil Penalties, Cvd, Disgorgement, District Of Connecticut, Glen Kaiser, Hedge Fund, Insider Trading, Kaisers, Key Evidence, Microsoft Corp, Microsoft Employee, Pequot Capital Management, Pequot Capital Management Inc, Sec Staff, Securities And Exchange Commission, Southbury Connecticut, States District Court, United States District, Zilkha 
Comments OffSettlement and Judgment Reached in SEC Investigation into Striker Petroleum, LLC.
December 18th, 2009 Before You Invest Last week a judgment was entered against Striker Petroleum, LLC in US District Court. Striker is a limited liability company based out of Frisco, Texas involved in acquiring oil and gas properties with the intent to increase production. The company, but, was charged in an Securities and Exchange Commission (SEC) investigation with perpetrating multiple wrongdoings.The judgment against Striker and its two main officers, Mark Roberts and Christopher Pippin, calls for Striker to be disgorged of its ill-gotten gains.
Posted in Finance Fraud Tags: Civil Penalties, Current, Disgorged, Frisco Texas, Ill Gotten Gains, Initial Investment, Investors, Judgment Against, Limited Liability Company, Llc, Mark Roberts, Oil And Gas, Petroleum, Pippin, Sec Investigation, Securities And Exchange, Securities And Exchange Commission, Striker, Us District Court, Wrongdoing No Comments »SEC Charges Ex – New Century Execs In Subprime Case
December 9th, 2009 Before You Invest Reuters- Three former executives at now-bankrupt lender New Century Financial Corp were charged with fraud by U.S. securities regulators on Monday, the latest government effort to pursue wrongdoing in the subprime mortgage market.The U.S. Securities and Exchange Commission accused the three executives of trying to disguise New Century’s rapidly deteriorating performance from investors while releasing weekly internal reports entitled “Storm Watch.”The 2007 failure of New Century, one of the largest independent providers of home loans to people with poor credit, rippled across the U.S.
Posted in Finance Fraud Tags: Angelo Mozilo, Brad Morrice, Civil Fraud, Civil Penalties, Countrywide Financial, Disgorgement, Dramatic Increases, Forerunner, Global Financial Crisis, Government Effort, Insider Trading, Loan Defaults, Mortgage Lender, Mortgage Lending, New Century Financial, New Century Financial Corp, Patti Dodge, Reuters, Securities And Exchange Commission, Subprime Mortgage Market No Comments »SEC Charges Two Individuals With Illegal Insider Trading in Advance of Negative News
November 28th, 2009 Before You Invest On November 19, 2009, the Securities and Exchange Commission filed a civil injunctive action in the United States District Court for the District of Nevada against R. Brooke Dunn, a former executive at Shuffle Master, Inc., and Nicholas P. Howey for illegal insider trading in Shuffle Master stock and options prior to an announcement of disappointing financial results by Shuffle Master.The SEC’s Complaint alleges that, on February 26, 2007, after he first learned that Shuffle Master would announce disappointing preliminary financial results, Dunn called Howey and provided him with material nonpublic information relating to Shuffle Master’s anticipated announcement.
Posted in Finance Fraud Tags: Civil Penalties, Complaint Alleges That, Complaint Charges, Disgorgement, Exchange Act Of 1934, Financial News, Injunctions, Insider Trading, Negative News, R Brooke Dunn, Rule 10b, Section 17, Securities Act Of 1933, Securities And Exchange Commission, Securities Exchange Act, Securities Exchange Act Of 1934, Shuffle Master Inc, States District Court, United States District, United States District Court No Comments »Pfizer to pay record $2.3B penalty over promotions
September 2nd, 2009 Before You Invest Why does huge pharma reckon it can get away with bribing doctors to prescribe their drugs? Equally incredible is the doctors who place their hands out to accept the goodies. The American Medical Association and the PhRMA Code of Sale Reps Ethics prohibit such behavior and it’s thriving according to the article below by Devlin Barrett.Repeat offender Pfizer paying record $2.3B settlement for illegal drug promotionsBy Devlin Barrett, Associated Press WriterOn Wednesday September 2, 2009,WASHINGTON (AP) — Federal prosecutors hit Pfizer Inc.
Posted in Finance Fraud Tags: American Medical Association, Associated Press, Civil Penalties, Criminal Case, Criminal Forfeiture, Drug Manufacturers, Federal Prosecutors, Free Golf, Government Charges, Health And Human Service, Illegal Drug, Junkets, Justice Department Officials, Last Decade, Loucks, Massages, Pfizer, Pfizer Inc, Phrma Code, Repeat Offender No Comments »Pharmaceutical giant Eli Lilly & Company (“Lilly”) will pay federal and state governments more than $1.4 billion
January 16th, 2009 Before You Invest Pharmaceutical giant Eli Lilly & Company (“Lilly”) will pay federal and state governments more than $1.4 billion to remedy a wide-ranging, off-mark marketing scheme for its prescription drug, Zyprexa(R). This settlement is the largest qui tam settlement in the history of the Fake Claims Act. Stephen A.
Posted in Finance Fraud Tags: American Government, Antipsychotic Drug, Civil Penalties, Class Action Lawyer, Criminal Charges, Department Of Justice, Drug Allegations, Drug Marketing, Eastern District Of Pennsylvania, Eli Lilly, False Claims Act, Lilly Company, Marketing Practices, Mass Tort, Pharmaceutical Giant, Proper Channels, Sheller, State Governments, Worldwide Sales, Zyprexa Comments Off
