The White Collar Club

  Matthew Martoma (above), ex-trader for the mammoth hedge fund SAC Capital, was freed today on $5 million bond for charges that he used inside information to reap $276 million in profits and avoided losses for his company. This is one of several insider trading cases linked to SAC in recent years. Check out my […]

The hits keep coming for HSBC, the multinational British megabank that could face the largest money laundering fines in U.S. history. Reuters and the NYT both reported Monday on their growing legal woes, which could involve criminal charges in addition to ever-growing fines. From Reuters: A U.S. fine for violating federal anti-money laundering laws could cost […]