Wednesday, 1 April 2015
Last updated 1 hour ago
Apr 28 2011 | 10:43am ET
Get ready to add one more guilty plea to the 21 already entered in an ongoing federal insider-trading probe—that of former SAC junior portfolio manager Donald Longueuil.
Assistant U.S. Attorney David Leibowitz told U.S. District Judge Jed Rakoff that Longueuil would plead guilty during a hearing Wednesday about separating Longueuil’s case from that of fellow defendant Winifred Jiau, reports Bloomberg.
Jiau and Longueuil were both charged with conspiring to commit securities and wire fraud between 2006 and 2010. Both had pleaded not guilty.
Prosecutors allege that Longueuil received tips from another former SAC manager, Noah Freeman, who allegedly got the information from Jiau, who worked for the expert network Primary Global. Freeman has pleaded guilty and is cooperating with the investigation.
The defendants are among the roughly 36 people charged in what prosecutors describe as a series of insider-trading rings linked to the Galleon Group, whose founder, Raj Rajaratnam, is currently facing trial.
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…