#extrader

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Appeals court reverses conviction of ex-trader Jesse Litvak

Appeals court reverses conviction of ex-trader Jesse Litvak

An appeals court in New York says a former Wall Street dealer could be launched from jail as a result of he was improperly convicted of taking benefit of a authorities bailout program. The ruling Thursday by the 2nd US Circuit Court of Appeals frees Jesse Litvak from a two-year jail sentence he was serving after his securities…

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[magaratimes]

#RFI: "Le Niger s’apprête à extrader le rebelle tchadien Mahamat Hassan Boulmaye"

#RFI: “Le Niger s’apprête à extrader le rebelle tchadien Mahamat Hassan Boulmaye”

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Selon des sources concordantes, Mahamat Hassan Boulmaye, le secrétaire général du Conseil du commandement militaire pour le salut de la République (CCSMR), un mouvement rebelle qui s’oppose au régime tchadien d’Idriss Deby, a été arrêté avec d’autres rebelles alors qu’il se trouvait aux environs d’Agadez au Niger. Ces rebelles devraient être bientôt extradés au Tchad.

Longtemps basé dans…

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[meettheyuvaraj-blog]

Ex-trader Kerviel wins unfair dismissal

Ex-trader Kerviel wins unfair dismissal

Ex-trader Kerviel wins unfair dismissal A French labour court rules that the Societe Generale bank unfairly dismissed ex-trader Jerome Kerviel, who lost it €4.9bn in unauthorised trades.

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[owenpu-blog]

Ex-Trader Tom Hayes Ordered to Pay $1.2 Million in Libor Case

[vernettadchatma-blog]

Ex-trader draws 2-1/2 years prison in Galleon case

NEW YORK Oct 12 (Reuters) - A former lawyer and Wall Street trader caught up in the U.S. government's crackdown on insider trading was on Wednesday ordered to serve two years and six months in prison for his role in the case.The man, Michael Kimelman, co-founded trading firm Incremental Capital in New York with brothers Zvi Goffer and Emmanuel Goffer in late 2007. All three were convicted by a Manhattan federal court jury in June on securities fraud and conspiracy charges, part of a broad investigation that also ensnared Galleon Group hedge fund founder Raj Rajaratnam.Multimillionaire Rajaratnam, who was convicted at a separate jury trial in May, is scheduled to be sentenced on Thursday in what some legal experts predict could be a lengthy prison term for insider trading.U.S. District Court Judge Richard Sullivan, who imposed the 30 month-long sentence on Kimelman, had denied him a re-trial. Kimelman is appealing his conviction. In recent weeks, Sullivan sentenced Zvi Goffer, described as a ringleader, to 10 years in prison and Emmanuel Goffer to three years incarceration.The jury found that the government proved its case against Kimelman, 40, and the Goffers who obtained inside information about mergers and acquisitions and traded on the information. Goffer worked at Galleon for nine months before starting his own firm.Much like the trial of Rajaratnam, court-approved phone taps played a major role in the prosecution.Sullivan also sentenced Kimelman, of Larchmont, New York, to three years of supervised release and ordered him to forfeit $289,079, about the same as his estimated illicit profits.The case is USA v Zvi Goffer et al, U.S. District Court for the Southern District of New York, No. 10-00056.