4 posts and columns on securities fraud

Four Arrested in Tech-Heavy Insider Trading Case

in Enterprise on December 16, 2010 at 10:29 am PT

The defendants include employees at several tech firms, including Dell, Advanced Micro Devices, Taiwan Semiconductor, and Flextronics. All worked as consultants for a research firm.

What Was That You Said, Greg? It’s Not Illegal if You Don’t Get Caught?

in News on March 29, 2010 at 10:18 am PT

Former Brocade Communications Systems CEO Greg Reyes’s luck took a turn for the worse last week when he was once again found guilty of securities fraud. Though it acquitted him on one count of conspiracy, a federal jury on Friday found Reyes guilty on nine counts of securities fraud and making false statements–the same ones overturned last August because of prosecutorial misconduct.
and-justice-for-all

Voices

Intel CEO Says Had No Knowledge of Trading Probe

in News on October 19, 2009 at 2:29 pm PT

Intel Corp.’s chief executive said the company had no advance warning or knowledge about the insider-trading investigation into Galleon Group, which has implicated an Intel executive. “No one in our legal department or management knows anything about this,” said Paul Otellini, chief executive of the chip giant, in an interview at The Wall Street Journal’s headquarters in New York.

Sanjay Kumar Goes to White Castle Prison

in News on September 4, 2008 at 12:05 pm PT

If I go down, you all go down. That’s the personal philosophy former CA CEO Sanjay Kumar appears to have embraced after serving a few years in prison for conspiracy, securities fraud and obstruction of justice. In a 27-page affidavit filed in court Tuesday, the disgraced Kumar claims that several current and former directors were aware of the company’s … generally unaccepted accounting practices and concealed them from government investigators.