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Insider Trading

Police & Fire
NJ Pharmaceutical Exec Used Insider Info To Avoid $38 Million Loss: Feds NJ Pharmaceutical Exec Used Insider Info To Avoid $38 Million Loss: Feds
NJ Pharmaceutical Exec Used Insider Info To Avoid $38 Million Loss: Feds A 54-year-old former NJ pharmaceutical executive used insider information to avoid $38 million in losses, authorities said. Dale Chappell, who currently lives in Switzerland faces charges of securities fraud and insider trading, U.S. Attorney Philip Sellinger said. Chappell was formerly the chief scientific officer and member of the board of directors of Humanigen, a publicly traded clinical-stage biopharmaceutical company with offices in Short Hill, Sellinger said. Chappell was arrested on Friday, Dec. 20 in Switzerland, Sellinger said. The United States will seek Chappell’s extr…

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by Sam Barron
News
Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond
Billion-Dollar Stock Fraud: Indicted Bergen County Businessman Freed On $100M Bond A Bergen County businessman was arrested by federal agents on charges of orchestrating a massive market manipulation scheme that caused one of the biggest Wall Street trading collapses in history. Sung Kook “Bill” Hwang put the entire financial system at risk by conspiring with his former chief financial officer to boost profits for his Archegos Capital Management by lying to banks to inflate the stock prices of publicly traded companies, federal prosecutors said on Wednesday, April 27. The fraud scheme ballooned Hwang’s personal fortune from $1.5 billion to more than $35 billion in a singl…

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by Jerry DeMarco