Former Hedge Fund Executive Enters Plea
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The former head of Wood River Capital Management, pleaded not guilty to securities fraud and other charges.
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Two executives of Kaplan &amp; Co. Securities of Florida have pleaded guilty to state securities fraud charges that stemmed from an investigation of illegal, after-hours trading of mutual funds, New York Attorney General Eliot Spitzer said Tuesday.
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An executive of Bermuda-based insurer ACE Ltd. (ACE.N: Quote, Profile, Research) on Friday pleaded guilty to a felony charge connected to New York Attorney General Eliot Spitzer&#39;s investigation of insurance companies.
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A former Enron Corp. (ENRNQ.PK: Quote, Profile, Research) assistant treasurer pleaded guilty on Tuesday in US District Court to conspiracy to commit securities fraud for disguising
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Todd Eberhard, a former New York  stockbroker and financial television personality, pleaded  guilty on Tuesday to cheating his clients out of millions of  dollars while generating excessive commissions for himself.
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A former senior executive at Marsh &  McLennan Cos. Inc. MMC.N and two executives from American  International Group Inc. AIG.N pleaded guilty to fraud  charges stemming from New York Attorney General Eliot Spitzer's  sweeping investigation of fraud in the insurance industry.
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InfoWorld - The practice of manipulating stock options grants to make them more favorable has come back to haunt yet another round of high-tech executives. A former Monster Worldwide Inc. executive is expected to agree to a plea deal in New York Thursday, just a day after the founder of Take-Two Interactive Software Inc. pleaded guilty to a state felony related to backdating.
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Former Enron Corp. executive Mark Koenig pleaded guilty in federal court in Houston to aiding and abetting securities fraud and has agreed to cooperate with prosecutors.
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A former top Enron official pleaded guilty Wednesday to securities fraud and agreed to cooperate fully with the ongoing criminal investigation of Enron&#39;scollapse.
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Monster Worldwide's former general counsel pleaded guilty in a Manhattan courtroom Thursday, another executive caught up in the stock options backdating scandal.
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The co-founder of Neteller, which processed billions of dollars in Internet gambling transactions for Americans, pleaded guilty Friday to a charge of criminal conspiracy.
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A former Microsoft Corp. worker pleaded guilty in federal court Wednesday to participating in a software sales scheme with three others that defrauded the company of more than &#36;32 million.
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explanation of market-timing, further attorney comment. Picks up last graf. Also moving on general news wires. DENVER  _ The former chief executive of Invesco Funds Group has agreed to pay $500,000 to
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WASHINGTON, Aug 25  - A former top Enron official responsible for investor relations pleaded guilty Wednesday to securities fraud as part of a plea agreement, under which he has agreed to cooperate fully with the government&#39;s ongoing criminal
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Former South Carolina Treasurer Thomas Ravenel, once seen as a rising political star, pleaded guilty Thursday to a federal charge of possession with intent to distribute cocaine.
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Enron Corp.&#39;s former top investor relations executive pleaded guilty Wednesday to a securities fraud charge. Mark Koenig, 49, pleaded guilty to one county of aiding and abetting securities fraud, which carries a maximum penalty of 10 years in prison.
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(InfoWorld) - The practice of manipulating stock options grants to make them more favorable has come back to haunt yet another round of high-tech executives. A former Monster Worldwide Inc. executive is expected to agree to a plea deal in New York Thursday, just a day after the founder of Take-Two Interactive Software Inc. pleaded guilty to a state felony related to backdating. The U.S. Attorney's Office in Manhattan would not comment specifically on a Wall Street Journal report that Monster's former general counsel, Myron Olesnyckyj, will cooperate with its investigation into stock options practices at the company. However, a spokeswoman confirmed that there will be a court proceeding Thursday related to stock options at 12:45 PM ET and the office expects to release more information afterwards. Monster declined to comment beyond releasing the following statement: "The Company terminated this individual some time ago and it is inappropriate to comment on the developments. The Company will continue to cooperate with the government in this ongoing investigation." The U.S. Securities and Exchange Commission (SEC) Wednesday said that it simultaneously filed and settled civil charges against Ryan Brant, the former CEO and chairman of Take-Two, a video and computer game publisher and distributor, which he founded. The SEC alleged that during a seven-year period, Brant enriched himself and others by granting undisclosed, "in the money" stock options to himself and to other Take-Two officers and employees. Brant did not admit or deny the allegations, the SEC said, but agreed to a settlement that bars him from serving as the officer or director of a public company. He also agreed to pay about US$6.3 million, comprised of what the SEC called "ill-gotten gains" of more than $4 million plus $1 million interest, plus a $1 million civil penalty. The settlement must still be approved in court. A Take-Two representative said only that Brant is no longer an employee, and it would not be appropriate to comment on his actions as a private individual. Meanwhile, middleware vendor BEA Systems Inc. Wednesday announced the conclusion of its stock-option review. The review won't cost any high-level executives their job, but will cost a number of them money. Several former and current executives and directors have agreed to repay the company after-tax profits they realized on mispriced options.