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Microcap & Penny Stocks : Naked Shorting-Hedge Fund & Market Maker manipulation? -- Ignore unavailable to you. Want to Upgrade?

To: rrufff who wrote (4703)	12/24/2009 12:18:25 PM
From: makeuwonder	1 Recommendation Respond to of 5034

Bet there will be some tongue's wagging by the time they finish Mr. Cohen's divorce and things his ex might have to say just for more money? Wonder how much she asked for before she went public. I'd about bet she talked to him before it hit the news. JMO. One good thing. It's sort of like domino's still isn't it? I wonder how long this run of dice went? I would guess they will go down one by one. They seem to be different State's doing they? This time Conneticut.

To: rrufff who wrote (4703)	1/8/2010 11:06:46 AM
From: rrufff	1 Recommendation Respond to of 5034

SAC Analyst Linked in Case of Banker at Blackstone JANUARY 8, 2010 By PETER LATTMAN online.wsj.com An analyst at SAC Capital Advisors has emerged as a key figure in an insider trading case brought against an investment banker at Blackstone Group, according to two people familiar with the situation. Last January, federal prosecutors arrested Ramesh Chakrapani, a Blackstone banker, and accused him of tipping a friend about the 2006 leveraged buyout of Albertson's Inc., the supermarket chain. The SEC also brought civil charges against Mr. Chakrapani. In court papers, the government only identified the friend— named as a co-conspirator in the case—as an analyst at a New York investment firm and said he earned about $3.5 million for his firm. The friend is Jonathan Hollander, a former analyst at SAC, according to people familiar with the matter. Mr. Hollander executed the trades for CR Intrinsic Investors, a subsidiary of SAC, the fund run by billionaire investor Steven Cohen. Reuters earlier reported the news of Mr. Hollander's involvement in the case. Neither Mr. Hollander nor SAC Capital has been charged with any wrongdoing. Mr. Hollander left SAC Capital in 2008. "After reviewing the initial complaint in this matter, SAC thoroughly investigated this former employee's trading in Albertson's and, on its own initiative, presented the findings to government authorities in February 2009," said an SAC spokesman. "We have cooperated fully with the government's investigation and will continue to do so." Aitan Goelman, a lawyer for Mr. Hollander, didn't respond to requests to comment. A spokeswoman for the U.S. attorney's office in Manhattan and a spokesman for the SEC could not be reached for comment. The case against the 34-year-old Mr. Chakrapani is in limbo. Last April the government dropped its criminal case against Mr. Chakrapani without explanation, but can re-file charges at any time. Last month, the SEC also asked a judge to dismiss its charges "with prejudice," meaning it can bring new charges. Michael Sommer, a lawyer for Mr. Chakrapani, declined to comment on Mr. Hollander. Mr. Sommer has asked the judge to deny the SEC's request to dismiss the charges and wants the case to face trial or have the charges dropped outright. It isn't clear why the Justice Department and the SEC have backed away from the charges against Mr. Chakrapani. The case is part of what the government describes as a "wide-ranging investigation into insider trading." Lawyers said that there could be broader interests at stake, leading the government to tactically dismiss the cases. Last February, just weeks after bringing charges against Mr. Chakrapani, federal prosecutors announced criminal insider-trading charges against Nicos Stephanou, a UBS AG investment banker, and three others. The SEC also brought new charges, alleging that Mr. Chakrapani tipped off Mr. Stephanou about another deal. Mr. Stephanou, who has pleaded guilty, is cooperating with the government and is the informant who alleged that Mr. Chakrapani participated in the insider-trading ring, according to people familiar with the investigation. A lawyer for Mr. Stephanou, declined to comment. The case against Mr. Chakrapani and the others is unrelated to the sprawling insider trading case against Galleon Management co-founder Raj Rajaratnam and numerous traders and technology executives. Write to Peter Lattman at peter.lattman@wsj.com online.wsj.com