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Former Enron CEO may have his prison sentence shortened
Former Enron Chief Executive Jeffrey K. Skilling, who is serving a 24-year prison sentence for his part in the collapse of the energy giant, could win an early release under a possible deal with the Justice Department. Skilling was convicted in 2006...
Tags: Prisons, Colleges and Universities, Ted Stevens, Prosecution, U.S. Supreme Court
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Never mind
Last year, Congress showed a rare bit of shame after "60 Minutes" reported on stock trading by key members of the House and Senate that smelled of opportunism. The TV show spotlighted the trading activity of Republican House Speaker John Boehner of...
Tags: State of the Union Address, Politics, Theft, Spencer Bachus, Nancy Pelosi
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Herbalife investors meet -- briefly
Herbalife would seem to have a lot to talk about with its investors, but you'd never know it from Thursday's annual shareholder meeting in Beverly Hills. It lasted less than 15 minutes. Executives didn't address claims raised by hedge fund manager...
Tags: University of Delaware, Mutual Funds, Companies and Corporations, Herbalife Limited, Fraud
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Skechers gets new auditor after insider-trading allegations
Skechers USA Inc. appointed a new auditor Wednesday to replace its former accounting firm, KPMG, which was rocked by an insider trading scandal and resigned earlier this month. The Manhattan Beach shoe maker’s board of directors named BDO USA as...
Tags: Business Enterprises, Skechers USA Incorporated, Ford Motor Co., Herbalife Limited, Finance
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Former Office Depot exec pays $30K to settle insider trading charges
A former Office Depot president and chief operating officer is paying the U.S. Securities and Exchange Commission more than $30,000 to settle insider trading charges without admitting guilt. Mark D. Begelman, 65, of Delray Beach abused his membership...Tags: Business Enterprises, U.S. Securities and Exchange Commission, Stock Broking, Fort Lauderdale, Bluegreen Corporation
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Repeal of insider trading ban frees top officials to line their pockets again
Congress passed the Stop Trading on Congressional Knowledge (STOCK) Act in 2012 in response to the public outcry over members' self-serving insider trading scandal last year. As with most laws, what is a crime for citizens was not illegal or unethical for...Tags: Politics, Randallstown, U.S. Congress
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Profits crater for equipment maker Caterpillar as mining slumps
Heavy-equipment maker Caterpillar Inc. reported a 45% drop in first-quarter profit and cut its full-year outlook amid a slowdown in its mining business. The Peoria, Ill., company said mining companies continue to reduce their spending and new...
Tags: Mining, Metal and Mineral, Media Industry, Caterpillar Inc.
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Venture-capital funding drops sharply in Southern California
Southern California is a hotbed of young and innovative companies, but you wouldn’t know it by following the money. Venture-capital funding, the lifeblood of start-ups, has fallen sharply in the region so far this year, according to a report...
Tags: Finance, Economy, Business and Finance
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Apple shares tumble as stocks fall for second day in last three
The stock market endured its second broad decline in three days, as investors fretted about weak earnings in the U.S. and deepening economic stagnation in Europe. Companies ranging from Apple Inc. to Bank of America Corp. were battered as investors fled...
Tags: Bank of America Corp., Financial Markets, Apple Inc., European Debt Crisis, Stock Market
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Letters: Numbers don't tell the full story about fraud
Re "Ex-KPMG accountant is charged," Business, April 12 For the 25 years I ran the California Community Foundation, KPMG was our auditing firm. For 10 of those years, our auditor was Scott London, the former KPMG auditor accused of fraud. I knew London...Tags: Trials, Countrywide Financial Corp., Accounting and Auditing, Scott London, KPMG
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Ex-KPMG auditor Scott London is charged
Prosecutors filed a criminal charge against disgraced former KPMG partner Scott London, saying he gave a stock-trading friend inside information about his firm's clients in exchange for cash, jewelry and expensive dinners. The criminal case filed...
Tags: Trials, Pacific Capital Bancorp, U.S. Securities and Exchange Commission, Prosecution, Robert J. Lopez
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In KPMG insider trading case, crime and blunders alleged
It's the kind of audacious but small-stakes insider trading that normally wouldn't have merited much attention. Golfing buddies Scott London and Bryan Shaw netted just $1.3 million, a blip in a world where Wall Street kingpins pocket hundreds of...Tags: Trials, Mutual Funds, U.S. Securities and Exchange Commission, Court Preliminary, Robert J. Lopez
Apr 4, 2013
|Story| Los Angeles Times
Apr 27, 2013
|Story| Chicago Tribune
Apr 26, 2013
|Story| Los Angeles Times
Apr 24, 2013
|Story| Los Angeles Times
Apr 23, 2013
|Story| South Florida Sun-Sentinel
Apr 24, 2013
|Story| Baltimore Sun
Apr 22, 2013
|Story| Los Angeles Times
Apr 18, 2013
|Story| Los Angeles Times
Apr 17, 2013
|Story| Los Angeles Times
Apr 16, 2013
|Story| Los Angeles Times
Apr 11, 2013
|Story| Los Angeles Times
Apr 11, 2013
|Story| Los Angeles Times
Original site for Insider Trading topic gallery.