For several years, Ernesto Tapanes was a simple, ordinary “oceanography survey consultant,” doing contracting work for the treasure-hunting firm Odyssey Marine Exploration Inc. One spring day in 2007, however, his life abruptly changed when he discovered an anomaly off the coast of Gibraltar. Upon further investigation, it turned out to be a sunken
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William McGuire, former CEO of United Health, agreed to give back about $620 million to resolve a government investigation into whether or not he illegally backdated millions of stock options. Sure, this is a hefty sum, but the blow is softened when considering McGuire still floated home with a billion dollar golden parachute, even […]
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After a five-week trial, former Brocade CEO Gregory L. Reyes was convicted by a federal court jury on 10 counts of conspiracy and fraud over illegal stock option backdating.
Mr. Reyes had been accused of intentionally changing the grant dates for hundreds of stock option awards without disclosing the move to investors. Sentencing is […]
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Amaranth Advisors LLC, a collapsed hedge fund, was charged by federal regulators with attempting to manipulate natural gas markets. The company is charged with attempting to lower the price of natural gas on the New York Mercantile Exchange in order to profit through an electronic futures exchange company, InterContinental Exchange Inc.
The Commodity Futures Trading […]
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