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The Wall Street Journal reports that federal prosecutors are set to unseal charges Tuesday against nine hackers and stock traders involved in an insider trading operation that netted more than $30 million on illicit deals. The group to be charged allegedly had been conducting sophisticated cyber-a...

August 11th 2015 at 1:17pm 0 Comments
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Former Flextronics employee Walter Shimoon pleaded guilty to charges of conspiracy to commit wire fraud and security fraud. Shimoon leaked information about upcoming Apple products to hedge fund traders in late 2009. He is one of 11 people who have admitted their guilt after the government's crac...

July 6th 2011 at 10:00am 0 Comments
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We don't normally cover the "business crime" beat, but there's a pretty interesting gadget angle here. As part of a larger crack down on insider trading, three technology executives and a "salesman for an 'expert network'" have been arrested for leaking confidential tips to hedge funds. What sort o...

December 16th 2010 at 6:59pm 0 Comments
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Hector Ruiz certainly led a checkered career as CEO of AMD, earning the highest CEO salary in the semiconductor industry as his company's stock dropped, its products dragged, and its fortunes sank, but the man didn't stop there -- it looks like he may also have been involved in a little illegal insi...

October 27th 2009 at 8:11pm 0 Comments
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Nine bigwigs at Taiwan's Inventec Appliances could be headed to jail over allegations of insider trading-- the executives allegedly failed to report lowered order numbers by Apple before dropping off $22.4 million worth of stock on the Taiwan Stock Exchange. Apparently, Apple decided to send more of...

August 17th 2007 at 7:00am 0 Comments
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Last month it was discovered that Robbie Bach, the head of Microsoft's Entertainment and Devices Unit (which includes Xbox), sold $6.2 million in company stock in the months leading up to the warranty extension announcement -- turns out, it was even more than originally reported. Bach actually sold...

August 14th 2007 at 2:45pm 0 Comments
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Robbie Bach, Microsoft's executive in charge of the Xbox game console, raised a few eyebrows recently when he sold millions in Microsoft stock just prior to going public with Xbox 360 woes. In a review of SEC filings, Robbie sold some $6.2 million worth of company stock between May 2 and Microsoft's...

July 12th 2007 at 8:26am 0 Comments
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As if you needed any more proof that BenQ is in heap big trouble, the latest mini-episode in this tragic soap opera has landed K.Y. Lee out of his spot as CEO over BenQ Corp, AU Optronics and the newly formed Qisda. He's sticking around as chairman -- and to catch the heat for the ongoing financial...

July 2nd 2007 at 1:27pm 0 Comments
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You'd think that by now, all these high-falutin' execs would have figured out that illegally manipulating one's stock price probably isn't the best approach to garner public attention, but now we've got yet another company under scrutiny for insider trading allegations. Inventec, who plays a major...

April 13th 2007 at 3:02pm 0 Comments
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It doesn't look like the BenQ saga is showing any signs of letting up anytime soon, with two of the company's top executives now running into trouble with the law over alleged insider trading. According to The Taipei Times, both Chairman K.Y. Lee (who recently offered to leave the company) and Presi...

April 13th 2007 at 1:46pm 0 Comments