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  1. August 4, 2014

    Prosecuting bankers would be a start

    Bank chief executives like to distance themselves from the waves of litigation washing over their companies by saying they...

  2. July 30, 2014

    BofA ordered to pay $1.3bn in ‘Hustle’ case

    Bank of America was ordered to pay $1.3bn by a judge on Wednesday for a “brazen fraud” in which bank staff sold toxic...

  1. January 30, 2014

    US seeks $2.1bn from BofA over mortgage fraud

    The US government has asked for $2.1bn in penalties from Bank of America in a high-profile case where the bank was found...

  2. FT Alphaville

    January 24, 2014

    That Jamie Dimon raise

    So the bank has paid around $20bn in fines, penalties, etc, but Wall Street’s favourite chief executive is going to get a...

  3. November 12, 2013

    Top judge criticises DoJ for not holding individuals accountable

    The US Department of Justice’s use of deferred prosecution agreements to resolve criminal investigations without holding...

  4. Business Blog

    August 20, 2013

    A victory for common sense in the Falcone case

    The admission of wrongdoing by Philip Falcone, pictured left, and his hedge fund Harbinger Capital Partners, along with a...

  5. June 19, 2013

    SEC considers policy shift on admissions of wrongdoing

    The Securities and Exchange Commission is considering a change that would require some defendants to admit wrongdoing when...

  6. May 21, 2013

    Prosecutors must uphold the law, not cut deals with the accused

    Plea bargaining – in which accuser and accused strike a deal – is not an aspect of legal process with which anyone should...

  7. March 28, 2013

    Judge mulls SAC’s $602m settlement

    A US judge said he needed additional time before approving SAC Capital’s $602m insider trading settlement with the...

  8. January 10, 2013

    Ex-SAC analyst gets two years probation

    Wesley Wang, a former analyst for the $14bn hedge fund SAC Capital and a key co-operating witness in the government’s wide...

  9. January 9, 2013

    Ex-SAC analyst named 20 alleged insider traders

    Wesley Wang, a former analyst for the $14bn hedge fund SAC Capital, has named 20 people who traded on inside information,...

  10. January 4, 2013

    Goldman seeks $7m legal costs from Gupta

    Goldman Sachs is seeking nearly $7m from a former board member convicted of insider trading to cover its legal fees and...

  11. October 26, 2012

    Gupta sentenced to two years in prison

    Rajat Gupta, the former director of McKinsey, was sentenced to two years in prison for insider trading and fined $5m,...

  12. October 24, 2012

    Gupta sentenced to two years in jail

    Rajat Gupta, the highest-ranking executive convicted in a wide-ranging US crackdown on insider trading, was sentenced to two...

  13. June 12, 2012

    Gupta’s daughter says father was ‘depressed’

    Rajat Gupta was “upset” and “stressed” over his failed investment in a Galleon hedge fund only days before he was alleged to...

  14. June 5, 2012

    Goldman chief testifies at Gupta trial

    Lloyd Blankfein, chief executive of Goldman Sachs, testified in the insider trading trial of Rajat Gupta, a former director...

  15. May 30, 2012

    Gupta lawyers say traders bragged falsely

    Lawyers for Rajat Gupta, the former director of Procter & Gamble accused of insider trading, have suggested traders at the...

  16. May 30, 2012

    Hedge fund traded on Procter tip

    Former Galleon portfolio manager Michael Cardillo testified at the insider trading trial of Rajat Gupta, a former Procter &...

  17. May 21, 2012

    Prosecutor outlines case against Gupta

    Rajat Gupta “broke” the law and shared company secrets with a hedge fund billionaire as part of a vast insider trading...

  18. May 16, 2012

    Legal bargains plan goes before MPs

    US-style prosecution deals, which would see companies pay multimillion pound fines in exchange for prosecutors suspending a...

  19. May 16, 2012

    Judge to allow wiretaps in Gupta case

    A US judge overseeing the insider trading case against Rajat Gupta, a former Goldman Sachs board member, said he plans to...

  20. March 19, 2012

    NY Mets owners buy time in Madoff case

    The owners of the New York Mets will pay $162m to settle with the trustee recovering assets for victims of Bernard Madoff’s...

  21. March 18, 2012

    Jury to decide Mets owners’ Madoff links

    Owners of the New York Mets baseball team need to convince a jury they had no inkling that Bernard Madoff’s investment fund...

  22. March 15, 2012

    Court hints at SEC-Citigroup appeal support

    A US court has signalled it may side with the Securities and Exchange Commission in its appeal of a lower court’s rejection...

  23. March 5, 2012

    Cap set on Mets owners’ Madoff payout

    Owners of the New York Mets baseball team will have to pay up to $83m to the trustee liquidating Bernard Madoff’s company, a...

  24. February 22, 2012

    UniCredit wins dismissal in Madoff case

    UniCredit and its former chief executive have won the dismissal of the most serious claims filed against them by the trustee...

  25. February 17, 2012

    Gupta lawyers unsuccessful with Goldman interviews

    A lawyer for Rajat Gupta, the former Goldman Sachs board member accused of insider trading, said he has tried unsuccessfully...

  26. January 6, 2012

    SEC changes policy on criminal admission

    Companies that admit criminal wrongdoing will no longer be able to deny the allegations in a parallel civil settlement under...

  27. December 30, 2011

    Rakoff accuses SEC of misleading federal court

    The war of words between the Securities and Exchange Commission and Judge Jed Rakoff escalated on Thursday after the jurist...

  28. December 22, 2011

    Judge challenges SEC settlement with Koss

    The Securities and Exchange Commission’s settlement with Koss Corp and its founder is being challenged by a US judge, in the...

  29. December 18, 2011

    SEC bares teeth with Fannie and Freddie charges

    The Securities and Exchange Commission’s civil fraud charges against six former Fannie Mae and Freddie Mac executives brings...

  30. December 15, 2011

    SEC appeals judge’s ruling on Citi settlement

    The US Securities and Exchange Commission said it will appeal a federal judge’s decision to reject the agency’s $285m...

  31. December 8, 2011

    Wells Fargo pays $148m to settle bond case

    Wells Fargo has agreed to pay $148m to settle allegations of rigged bids in the US municipal bond market by the Department...

  32. December 6, 2011

    Obama signals tougher penalties for bank fraud

    Barack Obama outlined a plan to toughen penalties against banks that commit fraud in a speech on Tuesday that hardened his...

  33. FT Alphaville

    December 2, 2011

    Don't offer this man a Rakoff

    Jed Rakoff is quite the hero. A New York District judge, he has done what the rest of us would love to do, and busted a cosy...

  34. December 2, 2011

    Court rejects settlement between Citi and SEC

    A US judge rejected the Securities and Exchange Commission’s $285m settlement with Citigroup over the bank’s sale of a...

  35. December 2, 2011

    Judge’s attack on SEC-condoned wording tells only half the story

    From Mr Bevis Longstreth. Sir, As you report (November 29), US district judge Jed S. Rakoff delivered a stinging and...

  36. FT Alphaville

    December 1, 2011

    Pick pinks

    Comment, analysis and more from Thursday’s FT, John Gapper: Judge Rakoff is just doing his job The US justice system is an...

  37. November 30, 2011

    Judge Rakoff is just doing his job

    The US justice system is an unlovely affair of frantic litigation by too many lawyers in too many courts, with expensive and...

  38. November 29, 2011

    SEC asks Congress for greater powers

    The Securities and Exchange Commission has asked Congress to expand the agency’s authority so it can pursue larger penalties...

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