Associated Press | The FBI says it has arrested the former operations director for Bernard Madoff Investment Securities. FBI spokesman James Margolin says 63-year-old Daniel Bonventre was arrested early Thursday at his Manhattan home.
Filed under: Investigations
Visit our Filed page for categories. To browse by specific topic, see our Inside page. For a list of companies covered on this site, visit our Companies page.
Google attack linked to sophisticated Asian hackers
The Wall Street Journal | U.S. investigators are focusing on a prominent Asian hacking group that is likely Chinese as the probable perpetrator of the recent attacks on Google. The group used sophisticated data-masking techniques to hack into the search giant’s computer systems. It is still unclear whether the hacking group has any connections to the Chinese government.
Get the full story: wsj.com.
Deerfield doctor charged with insider trading
By Ameet Sachdev | A Deerfield ophthalmologist was charged with insider trading in the options of LCA-Vision Inc., a provider of laser eye surgery, the Securities and Exchange Commission said Thursday.
Gerald Horn, 57, the medical director of LCA’s Schaumburg facility, faces civil charges by acting on nonpublic information and buying options on the shares of Cincinnati-based LCA to make a profit of about $870,000, the SEC alleged. Horn also avoided a loss about $533,000 by exercising stock option grants and immediately selling this stock on the basis of nonpublic information, the SEC said.
Horn could not be immediately reached for comment.
Azteca Supply indicted on fraud charges
Tribune staff report | Azteca Supply Co., a Chicago company certified as a minority- and woman-owned business, and its owner were indicted on federal fraud charges for allegedly steering minority contracts through the company and collecting more than $9.5 million in fraudulent payments from three projects, including two at O’Hare International Airport, the FBI said today.
Read the FBI statement: chicago.fbi.gov
More details emerge on Wilmette trader
By Greg Burns | More details have come to light in the case of Wilmette trader Jay C. Nolan, accused of cheating his North Shore pals while pretending to make them money.
In a federal civil complaint, the Commodity Futures Trading Commission alleged that the 56-year-old former Chicago Board of Trade director took in $3.9 million from at least five investors who were among Nolan’s “circle of friends” in the northern suburbs.
Read the full story: Burns on Business
