BBC:
The London-based hedge fund, Moore Capital, was one of the firms raided by the City watchdog the FSA, the BBC has learned. One person at Moore Capital and five other City workers are being held. Those arrested are suspected of taking part in a long-running insider-dealing scheme. The arrests came after 16 addresses were searched in a joint probe by the Financial Services Authority (FSA) and Serious Organised Crime Agency (Soca). Documents and computers were seized from premises in London, the South East and Oxfordshire. It is the FSA’s biggest operation against insider dealing.
Update: A suspect and statement from Moore, via the WSJ:
Among the suspects arrested Tuesday morning was Julian Rifat, a London-based execution trader for Moore Capital, according to people familiar with the matter. Mr. Rifat couldn’t immediately be reached for comment.
In a statement Tuesday, Moore Capital, a prominent New York-based hedge fund with about $14 billion in assets under management, said U.K. authorities had executed a search warrant for documents related to an employee on its London equity-execution desk. Moore said the investigation doesn’t involve any of the hedge fund’s capital and that the firm “is cooperating fully with the FSA in its investigation.”
At least Europe knows how to deal with dangerous hedge fund types.
“Moore Capital London Office Raided, At Least On Employee Arrested”
You mean One Employee Arrested… getting sloppy Bess.
@2 yes, leaving out an ‘e’ is indicative of “getting sloppy.”
oh, and blow a goat.
What am I bid for Trinchera Ranch?
@3 – Great advice, Bess!
Julian Rifat wat up?
Julian Rifat wat up?
@2 Bess told your troll a$$ off! You go girl!
Nobody puts Bess in the corner!
5,
Filthy fucking imposter.
“Blow a goat” is an imperative. It is not advice.
@2, dude you are a major fag. In fact your comment is so lame that simply reading it making take an extra dose of estrogen.
- Andrew Tong, SAC
Would like to making fuck, BERSERKER!
BL hun, give a piece of your mind to DB web folks. They are way past ‘getting sloppy’.
wow it’s just like Fred Claus
roger moore blew goats in live and let die
1) did they find any “unusual” items in his office? just askin’
-J. Gundlach
2) who needs insider trading in this market, just go long futures contracts – up 17 of the last 20 days…don’t make money – print it!
3) bessy – I’ve had it with your IT dept. I’ve got a team of monkeys that will work for half of whatever you’re paying the current jokers! for the love of pete, get it fixed!
Should just shut down this site once and for all instead dying this slow miserable death
Oh for the love of GOD I should trade options based on whether every time I click this site I actually get a response. No excuse for this shit.
Cluzo, please do not refer to our friends from the subcontinent as “monkeys.” Or macacas.
do the other breaking media sites have as many issues ad this one?
@20 yup, all of them. it’s a bucket of fun around the breaking media office these days.
@18 you should.
@19 – hardly. My curry-munching brethren would never fuck it up so spectacularly. Have you even googled “Nick Scholl”. This site’s death is 100% hipster douche, ambiguously straight, skinny jeans and converse-wearing, obscure opera enthusiast, technologically incompetent moron induced. In other words – you people.
Thank you, come again…
@22 “In other words – you people.” wait what? wtf are you talking about? you think DB readers are hipsters? they’re wall street white boys. buy a clue.
@19 apu. What are you trying to say? Is Nick the author of this abomination? If he is can we send Israeli’s with British passports round to take care of him.
@24 was meant for @22
@22 i see where you’re going. This guy is “web designer,” nice. Can we get a confirm he’s responsible for this mess. Why doesnt DB management just throw out thus unscalable garbage?
Nick’s site is http://trrill.com/
one deutsche bank guy is involved as well–just FYI
I think this band is far more bigger than those who were arrested