Mark D. Begelman of Delray Beach Florida, former Chief Operating Officer of Office Depot, was charged with profiting off confidential insider information about the upcoming acquisition of Bluegreen Corporation by BFC Financial. The government says that Begelman learned of the acquisition through his membership in a group of current or former executives of major...

Scott London the ex auditor of KPMG's Los Angeles office has been charged in a federal complaint with conspiracy to commit securities fraud through insider trading and the details show a lot of money being made and paid for inside information. In a 24-page affidavit filed in court in the case against him and...

Connecticut based SAC capital thought it had settled its lengthy insider trading charges over improper trading by agreeing to pay $615.7 million in fines to the SEC. However this week, the agreement fell apart when a judge asked why SAC neither admits nor denies wrongdoing. Then, SAC's portfolio manager Michael Steinberg was suddenly and...

Raj Rajaratnam's younger brother Rengen was indicted on charges of conspiring in the insider trading scheme with his brother, founder of the Galleon Group hedge fund by trading on non-public information concerning Clearwire Corp and Advanced Micro Devices. Rengen, a portfolio manager at Galleon was charged with trades resulting in $1.2 million in illegal...

The Securities and Exchange Commission has filed suit against presently unrevealed traders who it said used a Goldman Sachs account in Switzerland to trade on purported inside knowledge of Berkshire Hathaway and 3G's purchase of Heinz for $23 Billion in cash. The FBI is aware of the trading anomalies which had showed unusual activity...

The U.S. Securities and Exchange Commission has obtained a federal court order to freeze the assets of six Chinese citizens and a British Virgin Island Company involving the China based pork processing company Zhongpin Inc.The S.E.C.'s complaint, which was filed in a United States District Court in Chicago on Wednesday, alleges that six Chinese...

Former Capitol Hill lobbiest Jack Abramoff says that dozens of members of Congress and their aides are and have been engaged in insider trading making hundreds of thousands of dollars. The activity includes day trading by Congressional staffers who took advantage of reports created in Congress. Abramoff, who was one of the wealthiest and...

Rajat Gupta, one of Harvard Business School's most successful graduates, who served for nearly ten years as the managing director of McKinsey and Company, also an advisor for Goldman Sachs, Proctor and Gamble, American Airlines and The Gates Foundation, now faces heavy charges of insider trading and five counts of security fraud and one...

Rajat Gupta the former Director of Goldman Sachs and Proctor & Gamble was indicted on charges of insider trading and freed on $10 million bail. Gupta was indicted on conspiracy to commit securities fraud and five counts of securities fraud. The SEC had already filed an administrative proceeding against Gupta accusing him of passing...

Former Harvard Business School Grad and hedge fund tycoon Raj Rajaratnam faces a sentence of up to 24 years in prison this week before federal Judge Richard Holwell in New York. Insider trading observers have been watching the case closely since Rajaratnam's conviction on 14 counts of securities fraud relating to his use of...