U.K. Informant: Ex-NYSE Director Provided Insider-trading Tips

Ex-NYSE Director Provided Inside Leaks, U.K. Man Told Informant
1 November 2012
, by Christie Smythe (Bloomberg)

(Richard A. "Dick" Grasso ?)

Excerpt:bloomberg

A U.K. man who pleaded guilty to conspiring in an insider-trading scheme told a government informant that illegal tips he got could be traced by to an ex- New York Stock Exchange director, according to court papers.

Taiyyib Ali Munir pleaded guilty to conspiracy in federal court in Brooklyn, New York, on Oct. 15. Munir, who lives in London and worked in the financial industry, admitted that he agreed to obtain and sell confidential earnings reports of public companies from December 2011 to July 2012.

Munir, 30, told U.S. Magistrate Judge Robert Levy that he “spoke with a person located in New York who said he could obtain earnings reports for companies before public release of that information,” according to a transcript of his plea hearing.

Munir didn’t identify the person at his plea. He is quoted in court papers as saying one of his sources of inside information got leaks from a former NYSE director.

The guilty plea came as part of a broader U.S. probe into an insider-trading scheme allegedly stretching from Central Asia to New York.

Prosecutors say Munir funneled tips to the informant, who in 2010 and 2011 was managing accounts of a former Central Asian official and who isn’t identified in the complaint.

The former government official was identified by the Wall Street Journal as Maksim Bakiyev, son of Kurmanbek Bakiyev, the ex-president of Kyrgyzstan.

The newspaper didn’t identify its sources in the Oct. 17 story. The elder Bakiyev was ousted in an April 2010 coup and has taken refuge in Belarus.

Views: 111

Tags: Director, Ex-NYSE, Informant, Inside, Leaks, Man, Provided, Told, U.K.

Comment

You need to be a member of 12160 to add comments!

Join 12160

Ferguson Mega-Link Blast - Nov 17-04

WATCH LIVE: Ferguson Continues to Protest

Please remember this website is supported by your donations...

12160 NEWS new management/admin info



You filthy, abnormal animal’: graphic contents of anonymous letter sent by FBI to Martin Luther King http://ow.ly/2QKXaR  

2nd Grader’s Homework Teaches ‘Rights Are Special Privileges The Government Gives You’ http://ow.ly/2QKXaQ 

Texe Marrs - Project Lucid - Published on Jun 30, 2013 Too much to list. http://ow.ly/2QKXaC 

I Don't Have A Problem With The KKK Fliers Posted In Ferguson MO by Deep Space http://12160.info/video

VIDEO: Citizens Approach Cop They Saw Littering, Cop Says, “Yeah? What are You Gonna Do About It?”: http://12160.info/video

US senator’s son charged with killing 21 dogs - US senator’s son charged with killing 21 dogs Published time: Nove... ow.ly/2QJVZJ 

WATER Crisis -HOAX - Primary Water - What you didn't know about the manufactured drought. ow.ly/2QJVZO 

Keiser Report: Whistleblower Alayne Fleischmann (JP Morgan 'worst nightmare') talks to Max (E679) ow.ly/2QJVZQ 

Propaganda and Manipulation: How mass media engineers and distorts our perceptions ow.ly/2QJVZP

Did VIP abusers murder a boy? Scotland Yard's new probe into paedophile ring at luxury flats used by ministers ow.ly/2QJVZI 

Meet Ferguson Police Officer Darren Wilson - a total asshole NEWLY POSTED VIDEO 12160.info/page

Report an Issue

Forum

can i share this and get you guyses opinion?

Started by michael sean in General Mayhem. Last reply by michael sean yesterday. 1 Reply

© 2014   Created by truth.

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2014 - all rights reserved. unless otherwise noted
var _gaq = _gaq || []; _gaq.push(['_setAccount', 'UA-48719234-1']); _gaq.push(['_trackPageview']); (function() { var ga = document.createElement('script'); ga.type = 'text/javascript'; ga.async = true; ga.src = ('https:' == document.location.protocol ? 'https://ssl' : 'http://www') + '.google-analytics.com/ga.js'; var s = document.getElementsByTagName('script')[0]; s.parentNode.insertBefore(ga, s); })();