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A director of a company that allegedly had its funds stolen by David and Antoinette Bolden admitted that company rules were made verbally and recorded in a “sloppy” fashion. Jason Bagg insisted nonetheless that large banking transactions at the centr...

The trial of David and Antoinette Bolden on finance company-related theft charges was delayed yesterday because a member of the jury was sick. The couple, from Hamilton Parish, are accused of stealing more than $360,000 from Emerald Capital Internati...

LONDON (Bloomberg) Geoffrey Pearson, the former chief executive officer of a Bermuda-based investment company at the centre of a fraud scandal, made false statements to induce investors to buy worthless shares, a London jury was told. Pearson, 63, ha...

NEW YORK (Reuters) - Federal prosecutors have narrowed their criminal case against Allen Stanford, the Texas financier accused of running a $7 billion Ponzi scheme. The government on Wednesday filed an amended, 14-count indictment with the US Distric...

NEW YORK (Reuters) - While a jury studied the evidence in Raj Rajaratnam’s trial yesterday, a former trader associated with his Galleon Group hedge fund became the latest to plead guilty in a sweeping government probe of insider trading on Wall Stree...

NEW YORK (Reuters) - The fate of hedge fund founder Raj Rajaratnam was in the hands of a jury yesterday in the biggest Wall Street insider trading trial in decades, a case that featured FBI phone taps and former friends who testified against him. Jur...

NEW YORK (Reuters) - Raj Rajaratnam’s week-long defence at his insider trading trial amounted to a blizzard of numbers, graphs and documents. Some litigation experts said the “data dump” strategy was an effort to convince the jury that Rajaratnam, wh...

MANHATTAN (Bloomberg) - Raj Rajaratnam, the Galleon Group LLC co-founder at the centre of largest crackdown on hedge-fund insider trading in US history, rested his case without taking the witness stand. Defence lawyers told US District Judge Richard ...

NEW YORK (Bloomberg) The former chairman of Bermuda-based Genpact Ltd, Rajat Gupta, invoked his Fifth Amendment right not to incriminate himself when the US Securities and Exchange Commission sought to question him, a prosecutor said. Shortly before ...

NEW YORK (Reuters) - Goldman Sachs Group Inc chief Lloyd Blankfein told jurors at Raj Rajaratnam’s insider trading trial that a former director at Wall Street’s most powerful bank - who is also the former chairman of Bermuda-domiciled Genpact Ltd - v...

NEW YORK (Reuters) - A former Intel Corp executive testified that he shared company secrets with his friend, hedge fund founder Raj Rajaratnam, the central figure in the biggest Wall Street insider trading trial in decades. Rajiv Goel, the second fri...

VIENNA (Bloomberg) - HSBC Holdings plc, Europe’s biggest lender, was warned twice by auditors that entrusting as much as $8 billion in client funds to Bernard Madoff opened it up to “fraud and operational risks”. KPMG LLP told the London-based bank a...