(Bloomberg) — Former Goldman Sachs Group Inc. computer programmer Sergey Aleynikov pleaded not guilty to federal charges that he stole trading software from the bank. Aleynikov, 40, entered his plea today before U.S.
Posts Tagged ‘Indictment’
Ex-Goldman Programmer Aleynikov Pleads Not Guilty
February 18th, 2010 
Before You Invest 
Posted in Finance Fraud 
Tags: Citadel Investment Group, Computer Programmer, Court Appearance, Deleting History, District Judge, Employment Assistant, Federal Charges, Goldman Sachs, Goldman Sachs Group, Goldman Sachs Group Inc, Group Llc, Indictment, Laptop Computer, Misha, Preet Bharara, Sachs Group Inc, Shroff, Storage Device, Trading Platform, Trading Software 
Comments OffSeven more indicted in Galleon case
January 23rd, 2010 Before You Invest Seven more people have been indicted in the Galleon Group insider trading ring court case.
Previously only two people had been indicted – Danielle Chiesi and Galleon Group founder Raj Rajaratnam.
Another seven people have already entered guilty pleas in regard to the case.
Among those brought before a grand jury this week are Zvi Goffer, a former Galleon Group employee who went on to found trading firm Incremental Capital.
Prosecutors have claimed that Mr Goffer played a leading role in the insider trading – he is alleged to have passed out prepaid phones to tippers to limit the chances of them getting caught.
He was also nicknamed ‘Octopussy’ by investigators on the grounds of his reported ability at getting hold of insider information.
Others charged in the latest indictment include Mr Goffer’s brother Emanuel, Incremental workers Michael Kimelman and David Plate and two lawyers, Jason Goldfarb and Arthur Cutillo.
Last month, insiders told Bloomberg that Galleon Group is to shut down its operations in Singapore as the company is put through liquidation.
Posted in Finance Fraud Tags: Chiesi, Court Case, Emanuel, Galleon, Galleon Group, Goffer, Goldfarb, Grand Jury, Group Employee, Group Founder, Guilty Pleas, Indictment, Insider Information, Insider Trading, Insiders, Octopussy, Prepaid Phones, Prosecutors, Raj Rajaratnam, Zvi Comments OffLawyer Scott Rothstein Pleads Not Guilty To Ponzi Scheme Allegations
December 1st, 2009 Before You Invest A once high-flying attorney who courted politicians and celebrities was arrested Tuesday on federal racketeering and fraud charges alleging he operated a $1 billion investment scheme involving phony legal settlements.
Lawyer Scott Rothstein was led into the Miami FBI office in handcuffs following his early morning arrest on five charges, including a violation of the Racketeer Influenced and Corrupt Organizations, or RICO law, often used against the Mafia and other criminal organizations.
Rothstein was also charged with wire fraud, money laundering, and mail and wire fraud conspiracy. The combined maximum prison term for convictions on all counts is 100 years, according to court documents.
A few hours after his arrest, Rothstein pleaded not guilty in federal court even though the information charging document — rather than an indictment — used by prosecutors typically means a defendant has agreed to eventually plead guilty.
Posted in Finance Fraud Tags: 100 Years, Court Documents, Criminal Organizations, Defendant, Fbi Office, Federal Racketeering, Fraud Charges, Handcuffs, Indictment, Investment Scheme, Legal Settlements, Mafia, Mail, Maximum Prison, Money Laundering, Prison Term, Prosecutors, Racketeer Influenced And Corrupt Organizations, Rico Law, Wire Fraud No Comments »Radisson Hotels: Data breach affected ‘limited’ number of sites, guests – computerworld.com – 19 Aug 09
August 22nd, 2009 Before You Invest Radisson Hotels revealed Wednesday that a “limited” number of guests may have had their credit or debit card data stolen, due to a breach of the computer systems at some of the chain’s hotels.
The illegal access was discovered this past spring. The company says the breaches took place between November 2008 and May 2009 at some hotels in the United States and Canada.
Posted in Finance Fraud Tags: Additional Security Measures, Card Issuers, Card Numbers, Card Processors, Computer Systems, Computerworld, Credit Reporting Agencies, Data Breach, Data Breaches, Debit Card, Expiration Dates, Federal Criminal Investigations, Heartland Payment Systems, Indictment, Number Of Guests, Payment Processor, Ponemon Institute, Radisson Hotels, Radisson Web, Socia, Three Men No Comments »Free Capitalist host charged with $100m Ponzi scheme
June 2nd, 2009 Before You Invest A Utah businessman and host of the Free Capitalist radio show has been indicted by a federal grand jury over allegedly running a $100 million Ponzi scheme.
Claud Koerber, also known as Rick Koerber, faces charges of mail fraud, wire fraud and tax evasion.
He is alleged to have obtained the money through loans for Founders Capital, a subsidiary of his Provo-based real estate firm FranklinSquires.
According to the indictment, over $50 million was used to pay earlier investors to give the “false impression” that his businesses were profitable and their investments were secure, the Star-Tribune reports.
Mr Koerber is also accused of using investors’ cash to fund personal interests, including investing $850,000 in restaurants, $1 million in luxury automobiles and $5 million in filmmaking.
On his official site, Mr Koerber describes himself as a “capitalist, Mormon [and] dad”.
He started the daily Free Capitalist talk radio show in 2005.
Posted in Finance Fraud Tags: 100 Million, 5 Million, 50 Million, Businessman, Claud, False Impression, Federal Grand Jury, Filmmaking, Founders, Indictment, Luxury Automobiles, Mail Fraud, Mormon, Personal Interests, Ponzi Scheme, Rick Koerber, Star Tribune, Talk Radio Show, Tax Evasion, Wire Fraud No Comments »Arthur Nadel Pleads Not Guilty
May 2nd, 2009 Before You Invest A jailed Florida hedge fund manager pleaded not guilty on Thursday to an indictment of running a $360 million investment fraud and his lawyer asked a judge to ease the conditions for him to make bail.
Prosecutors say Arthur Nadel, 76, went on the run for two weeks in January before his arrest on initial charges, but his lawyer said he is in poor health and not a flight risk.
Nadel’s funds, one of several purported swindles that unraveled in the financial industry meltdown and after the high-profile Bernard Madoff scandal, enriched him and defrauded 350 clients who invested more than $360 million, the government said.
Judge John Koeltl in U.S.
Posted in Finance Fraud Tags: Aircraft Company, Bernard Madoff, Flight Risk, Hedge Fund Manager, High Profile, Imprisonment, Indictment, Initial Charges, Investment Fraud, Judge John Koeltl, Life In Prison, Mail, Maximum Sentence, Meltdown, Nadel, Poor Health, Prosecutors, Scandal, Swindles, Wire Fraud No Comments »Drier to Plead Guilty
April 29th, 2009 Before You Invest Marc Dreier, the New York law firm founder charged with defrauding hedge funds, will plead guilty to federal charges including conspiracy and wire fraud on May 11, his lawyer said.
Dreier sold more than $700 million in phony promissory notes to at least 13 hedge funds and three individuals, according to an indictment unsealed against him last month in federal court in New York.
Metro Dream Homes was founded by Andrew Hamilton Williams Jr.
April 28th, 2009 Before You Invest Metro Dream Homes was founded by Andrew Hamilton Williams Jr., who used some of the $50,000 minimum payments provided by home owners to cover the losses of an automated-teller-machine scheme he was ordered to shut down in 2001, according to the indictment unsealed Monday.Investors in Metro Dream Homes who forked over the $50,000 were told the company would pay off the their mortgages, court documents said.
Posted in Finance Fraud Tags: Andrew Hamilton, Automated Teller Machine, Cadillacs, Cash Rewards, Chauffeurs, Company Officials, Dream Homes, Federal Grand Jury, Flat Screen Televisions, Indictment, Investment Dollars, Land Rovers, Lincolns, Luxury Hotels, Minimum Payments, Nba All Star, Nba All Star Game, Side Businesses, Telephone Cards, Traffic Areas No Comments »Metro Dream Homes was founded by Andrew Hamilton Williams Jr.
April 28th, 2009 Before You Invest Metro Dream Homes was founded by Andrew Hamilton Williams Jr., who used some of the $50,000 minimum payments provided by home owners to cover the losses of an automated-teller-machine scheme he was ordered to shut down in 2001, according to the indictment unsealed Monday.Investors in Metro Dream Homes who forked over the $50,000 were told the company would pay off the their mortgages, court documents said.
Posted in Finance Fraud Tags: Andrew Hamilton, Automated Teller Machine, Cadillacs, Cash Rewards, Chauffeurs, Company Officials, Dream Homes, Federal Grand Jury, Flat Screen Televisions, Indictment, Investment Dollars, Land Rovers, Lincolns, Luxury Hotels, Minimum Payments, Nba All Star, Nba All Star Game, Side Businesses, Telephone Cards, Traffic Areas Comments OffWestgate chief charged with $150m fraud
April 27th, 2009 Before You Invest The president of New York-based investment firm Westgate Capital Management has been indicted on criminal charges relating to an alleged $150 million investment fraud.
James Nicholson faces four felony charges in all, including securities fraud and investment adviser fraud, acting US attorney for the Southern District of New York Lev Dassin said.
The indictment alleges that Mr Nicholson began the fraud in approximately 2004.
Posted in Finance Fraud Tags: 5 Million, Assets Under Management, Capital Management, Checks, Criminal Charges, Faces, Felony Charges, Indictment, Investment Adviser, Investment Firm, Investment Fraud, Investments, Investors, James Nicholson, Marketing Brochures, Mr Nicholson, Prosecutors, Securities Fraud, Southern District Of New York, True Value No Comments »
