possible insider trading

All WW spokeswomen– lookin’ at you, Jennifer Hudson– are suspects. Read more »

As you may have heard, the FBI has something exciting planned for the holidays this year– Insider Trading Fest(ivus) 2010. Capping a three year investigation, charges that “could ensnare consultants, investment bankers, hedge-fund and mutual-fund traders and analysts across the nation” are said to be coming any time between now and early next year. So far the Wall Street name that’s gotten the most press– not because they’ve done anything wrong but because people love to hate on the beautiful– belongs to a hedge fund headquartered in Stamford, CT. But who are the others that may have accusations of wrongdoing laid on their asses? For one, some employees of Goldman Sachs. But lest you worry about waking up to Lloyd Blankfein being escorted out of 15 Central Park West wearing only his HLS sweats, fear not– apparently those being probed at GS are a bit lower on the totem pole. Read more »

Last January, analyst Jonathan Hollander’s name was mentioned as possibly having a connection to a Blackstone insider trading case, based on information presented to the government by his former employer, SAC Capital-owned CR Intrinsic. Not much has been heard about Hollander since then, but this morning Reuters‘ Matthew Goldstein reports that he’s actually in the super fun position of waiting to find out if federal authorities still have a problem with him.

One individual sitting on the prosecutorial bubble is former SAC Capital Advisors analyst Jonathan Hollander, who last worked for Steven Cohen’s $12 billion hedge fund in November 2008. Federal authorities have linked Hollander to several allegations of insider trading in both court filings and testimony at a recent criminal trial, but he has not been charged with any wrongdoing. Reuters has learned that prosecutors disclosed for the first time in August that they had taken at least two confidential statements from Hollander at some point over the previous 18 months.

Prosecutors disclosed the Hollander “proffer statements” in an August 25 letter to lawyers for former Jefferies Group Inc hedge fund manager Joseph Contorinis, who was convicted by a federal jury of insider trading in October.

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Hey you. Market got ya in a bit of a funk? Not turning out numbers like this guy? Tony Robbins is here to help. Please, don’t scoff– Anthony has been coaching “one of the top ten financial traders in the history of the world,” and in April 2008, took the guy and a bunch of his industry pals to Dubai and said, “Listen you guys, I always bring you the best, I try to give you an advantage on things, in advance if I know they’re coming. THE FINANCIAL WORLD IS ABOUT TO CHANGE RADICALLY, IN LEVELS YOU CAN’T EVEN IMAGINE.” I can’t tell you when, but it’s coming real quick. Sometime in the next 3, 4, 5, 6 or 7 months. And we spent three days, where we brought in experts, and I painted a picture of how they can protect themselves. A lot of people were disturbed that weekend but the ones that listened made some very smart moves, which saved them hundreds of thousands of dollars and in some case millions of dollars.” You do the math. Read more »