Category Archives: Insider Trading

Insider Trading

Former vice president of SAP charged with insider trading, money laundering

A San Mateo man was charged in a federal indictment for his alleged role in a scheme to commit insider trading and money laundering, U.S. Department of Justice officials said Thursday.

According to an indictment returned Wednesday, when Christopher G. Salis, 39, was a global vice president of the software corporation SAP, based in the company’s Palo Alto office, he disclosed confidential information about SAP’s acquisition of the travel management company Concur to Douglas M. Miller of Dyer, Indiana.

Douglas Miller, 40, and Edward M. Miller, 43 of Munster, Indiana, and others then allegedly bought securities in Concur with the intention of profiting from these purchases and returning a portion of the profits to Salis, Department of Justice officials said.

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Insider Trading, Money laundering

Vatican Bank accused of money laundering, insider trading and market manipulation after investigation

Vatican investigators have accused the shadowy organisation known as the Pope’s merchant bank of money laundering,insider trading and market manipulation, it has emerged.

Details of the alleged crimes committed by the institution, the Administration of the Patrimony of the Holy See (APSA), said to have been between 2000 and 2011, have been passed to authorities in Italy and Switzerland. Investigators say the illicit activity involved bank accounts held in these countries.

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