Four arrests have been made on charges of securities and wire fraud in connection with the Federal Bureau of Investigation’s big-time insider trading probe, according to multiple media reports. And a fifth person has pleaded guilty to charges related to the probe, Bloomberg reports.
John Kinnucan, the analyst whose evening wine-tasting was rudely interrupted by FBI agents seeking information for their far-reaching insider-trading investigation, has been subpoenaed by the FBI for all his records from the past two years. Is he talking to the media about this news? You bet!
Diamondback Capital, one of the hedge funds approached by the FBI during last week’s Day of Hedge Fund Reckoning, has put one of its portfolio managers on leave after the government said the employee was the target of last week’s raid.
Bloomberg reports:
“The warrant appears to be focused on a single Read More
Business wasn’t exactly booming for big-time money managers before FBI agents started knocking at the doors of hedge-fund offices right before Thanksgiving. Since early 2009, investors have pulled $90 billion out of mutual funds, and new regulatory scrutiny may very well prompt more people to take their money back from mutual funds, Bloomberg Read More
The widespread federal investigation into insider trading has today touched two money-manager big boys: Boston-based money runner Wellington Management and Denver’s Janus Capital, which has $160.8 billion in assets under management. In other words, a federal inquiry that on Monday resulted in raids of three hedge funds is going a lot more mainstream.
Bloomberg Read More
U.S. investigators now have some questions for enormous Boston-based money runners Wellington Management, part of a rapidly unfolding investigation into insider trading, Bloomberg reports.
More from Bloomberg:
Wellington said on an internal conference call yesterday that the firm is conducting a review of records, though it said it didn’t engage in Read More
Earlier today, three hedge funds went topsy turvy as FBI agents raided their offices and searched for evidence amid a widespread insider trading probe that implicates some of Wall Street’s biggest names. And although many questions remain unanswered, one thing became much clearer today. If you’re a public-relations person at a fund that’s getting Read More
The massive FBI probe into insider trading reported this weekend is already causing major headaches up in Connecticut. The Wall Street Journal is
mtaylor [at] observer.com | @mbrookstaylor
Before Najibullah Zazi is finally dispatched to a secure cellblock for good, it is important to remember how the taxi driver–turned–terrorist was brought to justice—and why the critics who jeered his civilian prosecution were dead wrong. By convicting Mr. Zazi and pursuing the leads that his capture and interrogation have provided, the F.B.I. has shown Read More
The Washington Post‘s Joe Stephens has a story today about the FBI’s 15 year-long surveillance of Norman Mailer, which began in 1962 after Mr. Mailer wrote an article about Jacqueline Kennedy for Esquire.
According to Mr. Stephens:
FBI agents closely tracked the grand and mundane aspects of the acclaimed novelist’s life, Read More
