At a pun-filled press conference in lower Manhattan today, the details of the government’s insider trading charges against Chip Skowron were set forth by Manhattan U.S. Attorney Preet Bharara, who reassured Wall Street that there’s still no end in sight to the government’s wide-reaching crackdown.
“I wish I could say that we were just about Read More
Wall Street was beginning to forget about Joseph “Chip” Skowron III, who after being investigated for insider trading last November seemed to have managed to avoid the arrests that have ensnared the rest of Wall Street. Then the news broke that he’d turned himself into the FBI.
Dr. Skowron left a residency at Read More
“They better be fucking confident that they’re right before they destroy reputations,” a major New York hedge fund manager was saying just before midnight on Monday. Attorney General Eric Holder had confirmed an investigation of Wall Street that afternoon, 10 days after The Journal had broken news of a three-year insider-trading probe that “could eclipse Read More
FrontPoint Partners, one of the most important hedge funds in the country, may not live to see another Thanksgiving. According to several news reports, its investors want to pull about $3 billion from the $7 billion hedge fund, whose Steve Eisman had one of the most famous epiphanies of the housing Read More