Tag: DOJ

FAKE NEWS, FAKE TENDER OFFER, YIELDS SEC, DOJ CHARGES

The Commission brought an enforcement action, in conjunction with the Manhattan U.S. Attorney’s Office, charging Robert Murray with conducting a fake tender offer using fake news. The purpose was to manipulate the share price of Fitbit, Inc. It worked –

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Gambler Walters Loses in DOJ Insider Trading Trial

William “Billy” Walters rolled the dice against the Manhattan U.S. Attorney’s Office and lost in a high profile insider trading case. U.S. v. Davis, No. 1:16-cr-00338 (S.D.N.Y. Verdict April 7, 2017). Mr. Walters, a well known Las Vegas gambler, was

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