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Anonymous ID: d358c5 Jan. 29, 2020, 1:05 p.m. No.7957289   🗄️.is đź”—kun   >>7510 >>7674 >>7797

Insider-Trading Witness Gets $10 Million Bail, N.Y. Hotel Room

 

A Swiss trader who says he raked in $70 million by using secret information from bankers was ordered freed from a New York jail on $10 million bond, after he was the star witness in a trial that shed light on a global insider-trading network.

 

Marc Demane Debih was ordered released Tuesday to a Manhattan hotel for a week while U.S. authorities consider whether to approve an apartment where he’ll be confined, wearing a GPS ankle bracelet, a court filing shows. He’ll be joined by his wife and children, on U.S. visas from Serbia, according to the document.

 

Demane Debih has admitted he was part of an international web of inside traders that generated tens of millions of dollars on illegal tips about drug companies. He was arrested in Serbia in 2018, then secretly held in U.S. custody before pleading guilty to 38 criminal counts in a hearing that was closed to the public.

 

The trader agreed to cooperate with U.S. investigators in hopes of leniency when he’s sentenced. He testified at the trial of Telemaque Lavidas, who was convicted Jan. 15 of passing along company secrets he got from his father, a former director at Boston-based Ariad Pharmaceuticals Inc.

 

During the trial, Demane Debih explained how the network got and shared illegal tips, including paying off corrupt investment bankers. He also stole secrets from a former girlfriend who was a banker at Goldman Sachs Group Inc.

 

Demane Debih was ordered to continue cooperating with prosecutors while under home confinement and to take steps to transfer to the government $49 million that he’s agreed to forfeit. He will be allowed out for religious services, doctor visits, court appearances, meetings with his lawyers and four hours a week for shopping and errands.

https://www.swissinfo.ch/eng/bloomberg/insider-trading-witness-gets–10-million-bail–n-y–hotel-room/45526852

Anonymous ID: d358c5 Jan. 29, 2020, 1:11 p.m. No.7957342   🗄️.is đź”—kun

>>7957301

yes they are. A central part of it as well. they will lay off the rate cuts until later this year. possible in July based on CME data

https://www.cmegroup.com/trading/interest-rates/countdown-to-fomc.html

Anonymous ID: d358c5 Jan. 29, 2020, 1:20 p.m. No.7957444   🗄️.is đź”—kun

Nike Being Probed by SEC on Illicit-Payment Claim, Jury Told

 

Nike Inc. is being investigated by the U.S. Securities and Exchange Commission over claims it made illicit payments to elite youth basketball players, according to a defense lawyer for Micheal Avenatti, who is on trial for allegedly trying to extort millions of dollars from the company.

 

Defense attorney Howard Srebnick disclosed the investigation in his opening statement to a jury in Manhattan on Wednesday. He said the Justice Department, which started an earlier investigation into Nike, had handed over evidence to the SEC.

 

Avenatti argues that Nike wrongfully accused him of trying to extort the company during settlement talks in which the lawyer was representing a coach who claimed to have evidence about the allegedly illicit payments.

 

Nike didn’t immediately respond to a request for comment.

https://www.bloomberg.com//news/articles/2020-01-29/nike-being-probed-by-sec-on-illicit-payment-claim-jury-told