The SEC has charged the former CEO of ChinaCast Education Corporation with stealing tens of millions of dollars from investors and the former president with illegally dumping stock after helping to steal company assets. Read more here.
China Based Executives Charged with Fraud and Insider Trading
Tags: Securities and Exchange Commission, fraud, SEC, insider trading
Potential $1.7 mil. deal from insider trading of Heinz Stock
The FBI and Securties and Exchange Commission are investigating illegal trading of Heinz (HNZ) stock, red flagged by a large purchase on 2/13/13 from a dormant Swiss account just one day before Heinz was bought by Warren Buffet’s Berkshire Hathaway (BRK.A) and 3G Capital. This acquistion was a $28 billion deal, which increased Heinz’s stock value by 20% in one day.
Tags: Berkshire Hathaway, Securities and Exchange Commission, stock market, Acquisition, heinz, fraud, SEC, federal investigation, insider trading, 3G Capital