Bloomberg.com logo Bloomberg.com 3 weeks ago

Schottenfeld `Prop Shop' at Center of Inside-Trading Ring, Prosecutors Say

Nov. 6 (Bloomberg) -- Schottenfeld Group LLC, the firm where three of the people arrested yesterday on insider-trading charges worked, said it was “deeply troubled and shocked” by the allegations against its former employees. Full Article at Bloomberg.com

Related Topics:

  1. Federal Bureau of Investigation
  2. Galleon Group
  3. Preet Bharara

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    An unidentified suspect charged with fraud and conspiracy for insider trading linked to the Galleon Group insider trading scandal, arrives at Manhattan Federal Court in FBI custody. Full Article at Times Live South Africa

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    Nov. 6 (Bloomberg) -- U.S. prosecutors charged 14 people, including hedge fund managers, lawyers and an ex-Galleon Group employee, for using the methods of “drug dealers” and “common criminals” to profit on insider data from deals involving firms such... Full Article at Bloomberg.com

  4. Boston Globe logo
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Related Quotes

  1. If you’re a wealthy trader, you aren’t special
    – Preet Bharara SOURCE: Bloomberg.com 3 weeks ago
  2. We don't have an answer to that, but we aim to find out.
    – Preet Bharara SOURCE: ABC News 3 weeks ago
  3. People will probably ask just how pervasive is insider trading these days? Is this just the tip of the iceberg? ... We aim to find out.
    – Preet Bharara SOURCE: Times Live South Africa 3 weeks ago
  4. The casual betrayal of corporate secrets by insiders...makes a mockery of our system
    – Preet Bharara SOURCE: livemint.com 3 weeks ago
View all Related Quotes »
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  1. The famous welcome sign on the south end of the Strip in Las Vegas, Nevada, is seen in this June 15, 2004 file photo.
  2. NEW YORK - NOVEMBER 05: Galleon hedge fund partner Raj Rajaratnam departs Manhattan Federal Court after a bail hearing November 5, 2009 in New York City. Rajaratnam is facing insider trading charges.
  3. NEW YORK - NOVEMBER 05: Preet Bharara, U.S. Attorney for the Southern District of New York, speaks at a press conference about the arrest of 14 additional people on insider trading charges November 5, 2009 in New York City.
  4. Volunteers dressed as Santa Claus march through midtown Manhattan during the 107th Annual Parade of Sidewalk Santas in New York November 26, 2009.
  5. NEW YORK - NOVEMBER 27: Santa's walk throught Times Square during the 107th annual parade of Sidewalk Santas on the Streets of Manhattan on November 27, 2009 in New York City.
  6. NEW YORK - NOVEMBER 26: Singer Katharine McPhee waves to the crowd while riding a float during the 83rd annual Macy's Thanksgiving Day parade on the Streets of Manhattan on November 26, 2009 in New York City.
  7. NEW YORK - NOVEMBER 26: Crowds gather to watch the Shrek balloon during the 83rd annual Macy's Thanksgiving Day parade on the Streets of Manhattan on November 26, 2009 in New York City.

Cast of Characters

  1. Galleon Group
  2. Federal Bureau of Investigation Federal Bureau of Investigation
  3. Preet Bharara
  4. Raj Rajaratnam
  5. Securities and Exchange Commission Securities and Exchange Commission
  6. Bain Capital