Insider-Trading Cases Will Pile Up for Years
by Staff Writer on February 22, 2012
By Charlie Gasparino
Federal law enforcement officials say they have at least five years worth of insider-trading cases in the pipeline, a tally that could lead to hundreds of additional arrests in what’s already the largest probe of its kind, the FOX Business Network has learned.
This broad conclusion being reached by officials at the Securities and Exchange Commission, the US Attorney’s office for the Southern District of New York and the Federal Bureau of Investigation is the result of numerous interviews conducted by the FOX Business Network in recent weeks … Read More »
John Paulson Is Getting Sued By One Of His Investors Over Sino-Forest Losses
by Staff Writer on February 22, 2012
By Lisa Du
Despite starting the year off on positive returns, John Paulson’s horrible 2011 is not done haunting him.
Miami-based investor Hugh Culverhouse has filed a lawsuit against Paulson and his hedge fund Paulson & Co, claiming that the firm did not conduct enough research into Sino Forest before investing in the Chinese forestry company, the Wall … Read More »
SEC Settlements Continue to Let Garbage Pile High on Wall Street
by Staff Writer on February 21, 2012
By Jake Zamansky
Once again, the Securities and Exchange Commission is looking worn out and toothless as it tries to clean up the messes piled high and wide on Wall Street.
This week, the SEC settled with two former Bear Stearns hedge fund managers whose funds’ collapses marked the start of the financial crisis. In … Read More »
Bonds Backed by Mortgages Regain Allure
by Staff Writer on February 21, 2012
By Azam Ahmed
Some Wall Street investors made money as the mortgage market boomed, while others profited when it fell apart.
Having reaped big gains during both of those turns, Greg Lippmann, a former star trader at Deutsche Bank, is now catching the next upswing — buying the same securities built from mortgages that he … Read More »
Hedge Fund Boss Whose Explosive Emails Finally Caught Up With Him
by Staff Writer on February 17, 2012
By Jonathan Sibun
“Poor souls, working past cookie and milk time…for once in your lives, you can work like … Read More »
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