Tag Archives: insider trading
- Sports bettor Billy Walters gets five years in prison, $10m fine for insider trading
July 27, 2017
Famed sports bettor Billy Walters has been fined $10m and sentenced to five years in federal prison for insider trading. In April, Walters was convicted on charges of securities fraud, wire fraud and conspiracy for his role in an insider trading scheme that netted him $32m in profits while avoiding...
- Sports betting icon Billy Walters convicted of insider trading
April 7, 2017
Legendary sports betting whale Billy Walters says he lost “the biggest bet of his life” after being convicted on charges of insider trading. On Friday, a jury returned guilty verdicts on all 10 federal charges of securities fraud, wire fraud and conspiracy that Walters was hit with in May 2016....
- Amaya told to disclose liability policies to class action plaintiffs
January 18, 2017
Canadian online gambling operator Amaya Gaming has lost a procedural skirmish in a class action suit brought by aggrieved shareholders. In a ruling handed down last Friday, Quebec Superior Court Justice Babak Barin ordered Amaya to provide two representative plaintiffs with the company’s general liability, errors and omissions, and directors’...
- Securities regulator wonders why Amaya ex-CEO Baazov fails to show at hearing
October 6, 2016
Quebec’s securities regulator continues to paint former Amaya Gaming CEO David Baazov (pictured) as the architect of a major insider trading ring. On Wednesday, the first of two days of hearings by a tribunal of the Autorité des marchés financiers (AMF) got underway in Montreal. The hearings are probing the...
- Quebec securities watchdog may have botched Amaya insider trading probe
September 14, 2016
Quebec securities watchdog may have botched its insider trading investigation of Amaya Gaming's former CEO David Baazov by failing to secure his mobile phone in time. Tuesday saw the conclusion of two days of hearings by the Autorité des marchés financiers (AMF) into allegations that Baazpv (pictured) and a dozen...
- Watchdog ID’s sophisticated kickback scheme involving Amaya ex-CEO Baazov
September 7, 2016
Financial watchdogs probing the insider trading allegations against former Amaya Gaming CEO David Baazov have identified a pattern of kickbacks surrounding the company’s major acquisitions and other deals dating back six years. On Wednesday, La Presse said it had studied a report by Quebec securities regulator Autorité des marchés financiers...
Dubai investor accuses ex-Amaya CEO David Baazov of fraud
September 22, 2017