Sunday, 19 April 2015
Last updated 21 hours ago
Jan 29 2014 | 10:32am ET
Former Moore Capital Management trader Julian Rifat was formally charged with fraud today, with prosecutors offering details about his alleged insider-trading for the first time.
Rifat, who was an execution trader at Moore, was arrested four years ago. He is the ninth person—of the 10 arrested—to be charged in the case.
According to prosecutors, Rifat traded on illicit information about eight companies, among them Barclays and Volkswagen. Rifat spoke only to confirm his name at today's hearing, during which his case was transferred to a higher court.
Rifat will be back in court on Feb. 12.
Last year, Rifat sought and won a court order for the U.K. Financial Conduct Authority to either bring charges against him or end its probe. The 10th suspect in the case, former BNP Paribas employee Clive Roberts, remains under investigation.
Two of the charged have pleaded guilty. One, Aria Capital's Iraj Parvizi, has pleaded not guilty; the other five had not entered pleas.
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…