The Commission today announced that it filed a First Amended Complaint against Lorenz Kohler (Kohler), a resident of Mels, Switzerland, and Swiss Real Estate International Holding AG (Swiss Real Estate) alleging that they engaged in insider trading in advance of the October 9, 2006 public announcement of a $566 million merger between CNS and GlaxoSmithKline plc.
Posts Tagged ‘Public Announcement’
SEC Charges Swiss National with Insider Trading
November 24th, 2009 
Before You Invest 
Posted in Finance Fraud 
Tags: Acquisition, Beneficial Owner, Call Options, Cns, Defendant, Glaxosmithkline, Glaxosmithkline Plc, Insider Trading, Kohler, Lorenz, Mels, Merger, Option Contracts, Personal Account, Power Of Attorney, Public Announcement, Public Information, Sec Charges, Swiss Real Estate, Today Announced That 
No Comments »Allen Stanford stripped of his knighthood
November 3rd, 2009 Before You Invest Disgraced Texas financier R. Allen Stanford is being stripped of his knighthood in the Caribbean nation of Antigua and Barbuda, the head of the government panel that approves the awards said Monday.
The National Honors Committee voted unanimously to revoke Stanford’s title for embarrassing the nation by running an alleged Ponzi scheme out of his Antigua-based offshore bank, Chairwoman Jacqui Quinn-Leandro said.
Stanford, once a benefactor of the Antiguan government, is in jail in Texas awaiting charges for allegedly defrauding some 28,000 investors out of $7 billion by selling them what U.S.
Posted in Finance Fraud Tags: Baldwin Spencer, Bank Ltd, Caribbean Nation, Certificates Of Deposits, Cricket Stadium, Disrepute, Financial Institutions, Government Panel, Honors Committee, Knighthood, Local Authorities, Member Of Parliament, Members Of Parliament, Offshore Bank, Ponzi Scheme, Private Employer, Public Announcement, Queen Elizabeth, Queen Elizabeth Ii, R Allen No Comments »
