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(Bloomberg) -- U.S. prosecutors asked for leniency for a former Swiss trader who admitted raking in $70 million from an international insider trading ring that bridged three continents, generating a fortune in illegal profits from tips stolen by bankers.
A former trader who admitted to a central role in an international trading racket and co-operated with US prosecutors has been sued by US securities regulators.
Dov Malnik, former member of national squad, pleaded guilty to his role in an insider trading scheme that made profits of millions of dollars; second Israeli also charged in affair
US prosecutors yesterday unveiled criminal charges in Manhattan accusing two Israeli traders of illegal trading in several biotechnology and healthcare companies in connection with a sprawling interna...
Jun. 10, 2021 11:31 PM U.S. prosecutors on Thursday unveiled criminal charges in Manhattan accusing two Israeli traders of illegal trading in several biotechnology and health care companies in connection with a sprawling international insider trading scheme. Tomer Feingold and Dov Malnik were accused in a 15-count indictment of securities fraud, wire fraud, tender offer fraud, concealment of a money laundering scheme, and conspiracy. Authorities have said the defendants, who lived in Geneva, Switzerland, generated millions of dollars of profit by trading on nonpublic information concerning me...