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Insider Trading

Lifestyle
New TV Show Puts Spotlight On Former Westport Resident Martha Stewart: 'Original Influencer' New TV Show Puts Spotlight On Former Westport Resident Martha Stewart: 'Original Influencer'
New TV Show Puts Spotlight On Former Westport Resident Martha Stewart: 'Original Influencer' An upcoming limited series is set to highlight the many facets of iconic homemaker and lifelong area resident Martha Stewart and explore the story behind her success.  A new four-part CNN Original Series, "The Many Lives of Martha Stewart," is set to air over two consecutive weekends, beginning with two episodes on Sunday, Jan. 28 at 9 p.m. and 10 p.m., and ending with the last two installments on Sunday, Feb. 4 at 9 p.m. and 10 p.m.  The show will explore the story of Stewart's life, including her time as a young stockbroker in the 1960s, a caterer at a Connecticut farmhouse, a s…

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by Ben Crnic
News
$30M Insider Trading Case: New England Police Chief Profited From Merger Info, Feds Say $30M Insider Trading Case: New England Police Chief Profited From Merger Info, Feds Say
$30M Insider Trading Case: New England Police Chief Profited From Merger Info, Feds Say Four men from New York and Massachusetts, including a police chief, are accused of making millions of dollars through an insider trading scheme involving one pharmaceutical company’s acquisition of another. The case, announced by the US Attorney’s Office in the Southern District of New York on Thursday, June 29, is one of four separate insider trading cases that reportedly generated a combined $30 million for those involved. Named in the case are: Shawn Cronin, age 43, of Dighton in Bristol County, Massachusetts and chief of the Dighton Police Department Joseph Dupont, age 44, of Rehoboth…

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by Michael Mashburn
News
Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report
Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report An executive at Bed Bath & Beyond who jumped 18 stories to his death at the so-called "Jenga" tower in New York City where he lived on Friday, Sept. 2 was facing a $1.2 billion insider trading lawsuit, according to a new report. Gustavo Arnal, age 52, was the company's executive vice president and chief financial officer. Arnal was among several defendants named in a complaint alleging a "pump-and-dump" stock fraud scheme, the Daily Mail first reported. Bed Bath & Beyond, the lead defendant, allegedly made a “materially false and misleading statement” in a Securities and Exchange …

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by Joe Lombardi
News
Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower
Bed Bath & Beyond Exec ID’d As Man Who Jumped To His Death From 18th Floor Of Manhattan Tower Updated story: Bed Bath & Beyond Exec Faced $1.2B Insider Trading Lawsuit When He Jumped To His Death: Report An executive at Bed Bath & Beyond has been identified as the man who jumped 18 stories to his death at the so-called "Jenga" tower in New York City on Friday, Sept. 2, according to multiple reports. Gustavo Arnal, age 52, was the company's executive vice president and chief financial officer. Calls reporting a jumper came around 12:30 p.m. from the 60-story building's location in lower Manhattan's Tribeca neighborhood at 56 Leonard Street near Church Street, a…

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by Joe Lombardi
News
NY Man Charged With $8 Million Insider Trading Scheme NY Man Charged With $8 Million Insider Trading Scheme
NY Man Charged With $8 Million Insider Trading Scheme A New York man is facing charges for his role in a multi-million dollar insider trading scheme that involved jumping ahead of his employers’ trades. Long Island resident Sergei Polevikov, age 48, of Port Washington, has been charged with securities fraud, wire fraud, and investment company fraud in connection with his scheme to misappropriate confidential information about pending trades by his employer, an investment adviser, on behalf of its investment company clients. US Attorney Audrey Strauss said that Polevikov was arrested on Wednesday, Sept. 22, and scheduled to make his initial co…

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by Zak Failla
News
Trio Accused Of Insider Trader After Rebranded Company's Stock Surged Trio Accused Of Insider Trader After Rebranded Company's Stock Surged
Trio Accused Of Insider Trader After Rebranded Company's Stock Surged The Securities and Exchange Commission has charged three people with insider trading on allegations they bought shares of a New York company before its announcement it would "pivot" to a surprise name change and new business model. Eric Watson, an undisclosed control person of Long Island-based Long Blockchain, drove the business change during the 2017 crypto craze and tipped off his friend and broker, Oliver Barret-Lindsay, according to the SEC's complaint, filed in the United States District Court for the Southern District of New York on Friday, July 9. Long Blockchain, based in…

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by Joe Lombardi
Business
COVID-19: NY AG Accuses Kodak CEO Of Unlawful Insider Trading During Pandemic COVID-19: NY AG Accuses Kodak CEO Of Unlawful Insider Trading During Pandemic
Covid-19: NY AG Accuses Kodak CEO Of Unlawful Insider Trading During Pandemic New York Attorney General Letitia James has Kodak CEO Jim Continenza in her crosshairs as she targets the business giant for allegedly profiting from the COVID-19 pandemic. James announced that her investigation into Continenza, the CEO of the Eastman Kodak Company, led to the filing of a petition✎ EditSign with the New York County State Supreme Court to have Continenza publicly testify about his purchase of more than 46,000 shares of Kodak stock early last summer and the company's subsequent false statements about that trading to investors last month. It is alleged that the Kodak CEO …

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by Zak Failla
Sports
Greenwich Hedge Fund Billionaire Takes Steps To Purchase New York Mets Greenwich Hedge Fund Billionaire Takes Steps To Purchase New York Mets
Greenwich Hedge Fund Billionaire Takes Steps To Purchase New York Mets Many New York Mets fans may have their wishes granted as Greenwich hedge fund billionaire Steve Cohen, a Long Island native, is taking steps to purchase the majority of the team from the Wilpon family. Sterling Partners, the Wilpon’s family business, has reportedly entered talks to sell up to 80 percent of its shares of the Major League baseball team to Cohen, who is already an investor in the club. If completed, the transaction would value the franchise at approximately $2.6 billion. Under the proposed agreement, Fred Wilpon would remain as CEO for five more years, and Jeff Wilpon will con…

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by Zak Failla
News
Fairfield County Man Ordered To Pay $1.25M Fine For Insider Trading Scheme Fairfield County Man Ordered To Pay $1.25M Fine For Insider Trading Scheme
Fairfield County Man Ordered To Pay $1.25M Fine For Insider Trading Scheme A Fairfield County resident was among four men sentenced for an elaborate insider trading scheme that net a Manhattan hedge fund millions of dollars in profit. For five years, 42-year-old David Blaszczak, a political intelligence consultant from  Isle of Palms, South Carolina, was able to obtain confidential, non-public information from members of Centers for Medicine and Medicaid Services - including Christopher Worrall, 40, of Linthicum Heights, Maryland, who was a government employee there, according to Robert Khuzami, the Attorney for the Southern District of New York. Blaszczak then pr…

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by Zak Failla
News
Westport Man Convicted Of Stealing Government Info For Insider Trading Westport Man Convicted Of Stealing Government Info For Insider Trading
Westport Man Convicted Of Stealing Government Info For Insider Trading A Westport resident was one of four people convicted of stealing government information for insider trading, according to U.S. Attorney for the Southern District of New York Robert Khuzami. Theodore Huber, 56, a partner at Deerfield Management Company, L.P., a healthcare-focused hedge fund in New York, along with three others were found guilty following a four-week trial. The hedge fund is believed to have reaped more than $7 million in profits as a result of the scheme. The group was charged with participating in a scheme, from 2009 through 2014, to defraud the government and to commit sec…

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by Kathy Reakes