February
2012
Monday, January 23, 2012
PETER LATTMAN AND AZAM AHMED, Dealbook

Feds Bust Dell Stock Insider Trading Ring

Seven "friends" involved with hedge fund Level Global have been accused by the federal government of illegally trading Dell Stock using insider tips from a source within the company.

[Dealbook] Federal prosecutors announced criminal charges against Mr. Goyal and six others, depicting a “circle of friends” that together earned about $62 million in illegal gains in Dell stock.

Posted by Editor on 01/23/12 at 05:53 AM •  (0) Comments

Tags:  fraud, hedge fund,

Share Your Ire

blog comments powered by Disqus