Tuesday, 31 March 2015
Last updated 6 hours ago
Apr 19 2010 | 4:53am ET
The seven men arrested last month around London on suspicion of insider trading, including Moore Capital Management trader Julian Rifat, have struck deals to unfreeze their assets.
Two of the seven agreed to collateral payments of about £4 million, with the rest agreeing to put up property assets of up to £1 million each, The Telegraph reports. The men had been limited to £300 per week, or about US$450, and the freeze had extended to their homes and cars.
It is unclear whether Rifat, one of the six people questioned in the case to have been identified, had to pay £1 million or £4 million. He has been placed on administrative leave from Moore, where he worked in London.
The judge overseeing the case is believed to have twice turned down collateral offers before accepting terms amenable to both the Financial Services Authority and Serious Organized Crime Agency, who are collaborating on the investigation. The sides have been negotiating for three weeks.
According to the Telegraph, the men have been told they will learn if they’ll face charges within six months.
Mar 9 2015 | 6:35am ET
As more investors look to diversify, many are beginning to use retirement funds to invest in alternative assets such as private equity and real estate. Kelly Rodriques, CEO & President of PENSCO Trust Company, explains how companies can connect with those looking to use their retirement accounts in a different way. Read more…
Mar 20 2015 | 12:45pm ET
StreetWise Partners, a non-profit organization that works with low-income individuals to help them overcome employment barriers, raised over $275,000 at the 2015 Raising the Ante Charity Poker Tournament and Casino Event last Wednesday evening at Capitale. Here are some photos from the event. Read more…