Inside these posts: FBI

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FBI charges 4 in insider trading crackdown

Three employees at public companies and an executive of an expert-networking firm on Thursday became the latest to be charged in a wide-ranging Wall Street insider trading probe.

James Fleishman, 41, of Santa Clara, Calif., the networking executive, was charged with wire fraud and conspiracy for providing confidential information to the firm’s clients, including hedge funds, U.S. Attorney Preet Bharara said. Get the full story »

FBI issues alert for Barbie doll with video camera

The FBI says it recently issued an alert about a popular Barbie doll with a hidden video camera that could be used to produce child pornography, but stressed that the toy has not been linked with any reported crimes.

FBI spokesman Steve Dupre said Tuesday the alert last month was meant only for law enforcement agencies to advise them not to overlook Mattel’s “Barbie Video Girl” during any searches. The alert was sent out by the bureau’s Sacramento office. Get the full story »

Citadel, others subpoenaed in insider trading probe

Federal authorities, intensifying an insider-trading investigation, are demanding trading and other information from some of the nation’s most powerful investment firms.

Hedge-fund giants SAC Capital Advisors and Citadel Asset Management, big mutual-fund company Janus Capital Group Inc. and Wellington Management Co., one of the nation’s biggest institutional-investment firms, have received subpoenas from the Manhattan U.S. Attorney’s office seeking trading, communications and other data as part of a broad criminal investigation, according to people familiar with the matter. Get the full story »

Chicago hedge fund Balyasny examined in probe

A three-year insider-trading investigation shifted into high gear Monday as government agents raided the offices of three large hedge funds, sending shock waves through the financial world. In coordinated raids in New York, Connecticut and Massachusetts, Federal Bureau of Investigation agents seized documents at the offices of Level Global Investors LP, Diamondback Capital Management LLC and Loch Capital Management LLC.

Another hedge fund whose activities are being examined is Chicago-based Balyasny Asset Management LP, the people familiar with the matter say. Balyasny, which reported $1.8 billion in assets under management at midyear, didn’t respond to requests for comment. Get the full story »

FBI raids offices of 2 hedge funds

Federal Bureau of Investigation agents raided the Connecticut offices of two hedge funds, Diamondback Capital Management LLC and Level Global Investors LP, amid a massive insider-trading investigation.

“The FBI is executing court-authorized search warrants in an ongoing investigation,” said Richard Kolko, an FBI spokesman, who declined to comment further.

Both hedge funds are run by former managers of Steve Cohen’s SAC Capital Advisors. Get the full story »