Monday, 4 May 2015
Last updated 9 hours ago
Jun 21 2012 | 10:43am ET
Fraudsters Matthew Kluger and Garrett Bauer weren't going to have to worry about their futures in the financial industry. But in case they had any ideas, the Securities and Exchange Commission moved to squelch them last week.
The regulator barred Bauer from the industry and suspended Kluger from appearing or practicing before it as a lawyer. Both men pleaded guilty to running an insider-trading scheme, in which Kluger tipped a broker, who in turn tipped Bauer, about impending mergers. The fraud ran from 1994 until the broker's arrest last year.
Of course, being barred by the SEC is the least of the two men's problems. Bauer was sentenced to nine years in prison for his crimes, and Kluger 12—the longest insider-trading sentence in U.S. history.
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…