Friday, 17 April 2015
Last updated 10 hours ago
Dec 10 2013 | 11:24am ET
Aria Capital's Iraj Parvizi has pleaded not guilty to insider-trading charges.
Parvizi entered his plea in Crown Court in London on Friday. He was the only one of the six people charged with insider-trading as part of the Financial Conduct Authority's Operation Tabernula to enter a plea.
Parvizi, who lives in Dubai, and the other five were arrested in 2010 as part of the U.K.'s largest-ever insider-trading sting. A seventh person was also arrested, but has not been charged.
Four of Parvizi's co-defendants do not have lawyers, due to cuts to the U.K. legal aid budget.
The Financial Services Agency—the FCA's predecessor—and the U.K. Serious Organised Crime Agency, made the arrests and raided 16 locations in March 2010. In addition to Parvizi, a director at Aria, the arrested reportedly include Moore Capital Management's Julian Rifat, Deutsche Bank's Martyn Dobson, BNP Paribas' Clive Roberts and Novum Securities' Graeme Shelley. Parvizi is also associated with Novum.
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…