Summer is over and it's time to get serious, especially on Wall Street and in Washington, D.C. This week we hear from luminaries in the financial services arena who touch on fraud, regulation and how to keep a large global investment firm from imploding. We also hear about whether an organization that represents banks in America will get involved in buying -- or rather, influencing -- politicians. As the saying goes, money goes to money.
September 07, 2012
6. Guilt By Admission
In return for providing this information to Kuo, I received cash and other items of value from Kuo, including material on nonpublic information concerning other publicly traded technology companies, which I used to trade on my own account.
—Hyung Lim, a former executive at Broadcom Corp. and Altera Corp., pleading guilty to one charge of conspiracy to commit securities fraud and one charge of wire fraud in a federal court in Manhattan this week. Danny Kuo is an analyst at an investment firm.
Source: Fox Business News
