Sunday, 29 March 2015
Last updated 2 days ago
Dec 11 2009 | 11:30am ET
Thirty-three-year-old lawyer Brien Santarlas pled guilty to securities fraud on Thursday in the scandal involving hedge fund firm the Galleon Group.
According to prosecutors, Santarlas, who worked for law firm Ropes & Gray, conspired to steal inside information about mergers and acquisitions. He and his co-conspirator, Arthur Cutillo, are thought to have profited to the tune of $20 million in the scheme.
"The charges against Santarlas arose out of an ongoing investigation of insider trading at hedge funds and stock trading firms which has already led to charges against 20 Wall Street professionals, five of whom have pleaded guilty and are cooperating with the government," said the statement from the U.S. Attorney's Office.
Meanwhile, other in the case, including Galleon’s head honcho Raj Rajaratnam, have also been charged with related insider trading.
Santarlas faces up to 25 years in prison.
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…