Nate's Feed
Nov 5, 2015

Ex-JPMorgan U.S. adviser pleads guilty to embezzling $22 million

NEW YORK (Reuters) – A former JPMorgan Chase & Co
investment adviser pleaded guilty on Thursday to stealing at
least $22 million from client accounts, money his lawyer said
was used to gamble on sporting events and trade in stock
options.

Michael Oppenheim, 49, pleaded in Manhattan federal court
to charges of embezzlement and securities fraud, nearly seven
months after he was arrested in April.

Nov 5, 2015

Ex-Goldman employee pleads guilty over N.Y. Fed leaks

NEW YORK (Reuters) – A former Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) employee pleaded guilty on Thursday to illegally obtaining confidential information from a former colleague at the Federal Reserve Bank of New York.

Rohit Bansal, a former associate at Goldman Sachs, pleaded guilty to a misdemeanor charge of theft of government property, days after Goldman Sachs reached a related $50 million settlement with the New York Department of Financial Services.

Nov 5, 2015

Former Rabobank traders convicted in U.S. trial over Libor rigging

NEW YORK (Reuters) – Two former Rabobank [RABO.UL] traders were found guilty of fraud on Thursday in the first U.S. trial arising from a global investigation into whether banks sought to manipulate the interest rate known as Libor.

Anthony Allen, Rabobank’s former global head of liquidity and finance, was found guilty by a federal jury in Manhattan on 19 counts of conspiracy and wire fraud. Anthony Conti, a former trader, was convicted on nine conspiracy and wire fraud counts.

Nov 5, 2015

U.S. holds final auction of bitcoins from Silk Road case

NEW YORK (Reuters) – The U.S. government on Thursday began its final auction of bitcoins seized during the prosecution of the creator of Silk Road, an online black market where the virtual currency could be used to buy illegal drugs and other goods.

The six-hour online auction began at 8:00 a.m. EST (1300 GMT) for about 44,341 bitcoins worth roughly $17.8 million.

Nov 4, 2015

Former N.Y. Fed employee to plead guilty over Goldman leaks

NEW YORK, Nov 4 (Reuters) – An ex-employee of the Federal
Reserve Bank of New York suspected of leaking confidential
information to a former colleague working at Goldman Sachs Group
Inc is expected to plead guilty on Wednesday, according
to a court official.

Jason Gross, 37, is expected to appear in federal court in
Manhattan for a scheduled plea hearing, according to the court
official, days after Goldman Sachs reached a related $50 million
settlement with the New York Department of Financial Services.

Nov 3, 2015

Ex-Rabobank traders seek vindication as U.S. Libor trial closes

NEW YORK (Reuters) – Lawyers for two former Rabobank [RABO.UL] traders urged jurors on Tuesday to reject U.S. charges that they schemed to manipulate Libor interest rates, arguing the prosecution’s case relied on out-of-context emails, instant messages and data.

The arguments came during the trial in federal court in Manhattan of Anthony Allen, 44, and Anthony Conti, 46, who are accused of helping manipulate benchmark interest rates to benefit the Dutch lender in trading derivatives linked to Libor.

Nov 3, 2015

Ex-Brazil soccer chief pleads not guilty in U.S. after extradition

ZURICH/NEW YORK (Reuters) – Former Brazilian soccer chief Jose Maria Marin pleaded not guilty to bribery charges in a U.S. court after being extradited on Tuesday from Switzerland in the corruption case that shook world soccer’s governing body FIFA.

Marin, 83, who headed Brazil’s preparations to host the 2014 World Cup while president of the Brazilian Football Confederation, had bail set at $15 million and a judge ordered him placed under house arrest.

Nov 3, 2015

Ex-Brazil football chief pleads not guilty in U.S. after extradition

ZURICH/NEW YORK (Reuters) – Former Brazilian chief Jose Maria Marin pleaded not guilty to bribery charges in a U.S. court after being extradited on Tuesday from Switzerland in the corruption case that shook world football’s governing body FIFA.

Marin, 83, who headed Brazil’s preparations to host the 2014 World Cup while president of the Brazilian Football Confederation, had bail set at $15 million and a judge ordered him placed under house arrest.

Nov 2, 2015

SEC says ex-Wells Fargo analyst tipped boyfriend to dental deal

By Nate Raymond

(Reuters) – U.S. securities regulators on Monday accused a
former Wells Fargo & Co analyst of engaging in an
insider trading scheme that enabled her then-boyfriend to make
over $220,000.

In a lawsuit filed in federal court in Boston, the U.S.
Securities and Exchange Commission said Shirmila Doddi, the
analyst, tipped Vlad Spivak off to a deal involving a dental
practice management company in 2011.

Oct 29, 2015

Illinois, New Jersey men admit to trying to support Islamic State

CHICAGO/NEW YORK (Reuters) – U.S. authorities on Thursday secured guilty pleas from two men in New Jersey and Chicago for trying to provide support to the Islamic State in a pair of cases following investigations nationally into potential supporters of the militant group.

Alaa Saadeh, a 24-year-old who was among several men arrested in recent months in New York and New Jersey and accused of trying to aid the Islamic State, pleaded guilty in federal court in Newark to conspiring with others to provide material support to the group.