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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