• saccapitalstamford


    Mathew Martoma Will Be Unable To Make The SAC Capital Holiday Party This Year

    Former SAC Capital Advisors LP portfolio manager Mathew Martoma, charged in what prosecutors called the […]

    / Nov 26, 2012 at 1:57 PM
  • News

    Kweku Adoboli Is A Free Man!

    Kind of! Though he doesn’t go to trial until September, the UBS’s rogue trader was granted bail after ten months in jail and a February denial to go home. Naturally, he’s pretty pleased about the turn of events (which allow for sleepovers).

    Mr. Adoboli, 32, has to stick to a curfew but can stay at a friend’s house wearing an electronic tag as part of the bail agreement. Tim Harris, Mr. Adoboli’s lawyer at Bark & Company, said his client was “delighted” and would like to thank family and friends for their support in achieving his release. Mr. Adoboli is expected to be released from London’s Wandsworth prison as early as Monday, Mr. Harris said. Mr. Adoboli had pleaded not guilty to counts of false accounting and fraud. He was arrested in September after UBS alerted the police. The bank claimed that Mr. Adoboli had masked the billion dollar losses from internal controls with fictitious trades. Mr. Adoboli has remained in custody ever since his arrest. The trading scandal rocked the Swiss bank and led to the resignation of its chief executive, Oswald J. Grübel. Denying Mr. Adoboli bail in February, the judge said that the allegations against the former trader were “serious” and “backed up with cogent evidence.”

    Former UBS Trader Is Granted Bail [Dealbook]

    / Jun 8, 2012 at 6:14 PM
  • News

    Accused Manhattan Madam Now Accepting Donations

    Unable to post her $2 million bail and desperate to get her out of jail […]

    / Apr 26, 2012 at 6:11 PM
  • News

    Accused Madam’s Pigs May Want To Watch Their Backs

    April 3, 2012: Report details ease with which alleged madam and so-called animal lover Anna […]

    / Apr 9, 2012 at 5:53 PM
  • News

    Dominique Strauss-Kahn Gets Bail

    According to CNBC’s Mary Thompson, DSK’s bail has been set at $1 million (plus an […]

    / May 19, 2011 at 3:55 PM
  • News

    Raj Rajaratnam Makes A Good Point

    Yesterday, lawyers for Raj Rajaratnam once again asked for their client’s bail to be reduced […]

    / Dec 15, 2009 at 1:12 PM