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: 192

Comment

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

Join 12160 Social Network

"Destroying the New World Order"

Latest Activity

Old Denmark posted videos
1 hour ago
James T. Kirk posted a blog post

The Complete Guide To Cleaning And Lubricating Your Ar-15

The Complete Guide To Cleaning And Lubricating Your Ar-15By Rich M.June 20, 2019 07:50It was a long…See More
1 hour ago
truth commented on truth's video
Thumbnail

12160

"The lady singing was a well loved admin here, she wrote and performed this tune. …"
1 hour ago
Chris of the family Masters posted blog posts
1 hour ago
Chris of the family Masters commented on truth's video
Thumbnail

12160

"Nice. What's your instrument, mate?"
1 hour ago
truth's video was featured

12160

Another song from our first gig on April 17, 2010 at Champs Bar in Sheboygan, WI.
2 hours ago
Central Scrutinizer's 2 blog posts were featured
2 hours ago
truth commented on truth's photo
Thumbnail

Would you like to upload videos (up to 100meg) to this site?

"100m isn't much, but avoiding youtube something. This option would cost us an extra 200 a year…"
2 hours ago
Central Scrutinizer commented on Diana's photo
Thumbnail

Who Is Psycho?

"Pot....meet Kettle"
2 hours ago
Central Scrutinizer favorited Diana's photo
2 hours ago
Central Scrutinizer left a comment for Hal nichols
"-----=Welcome Hal!!=----- SITE HELP & TIPS"
2 hours ago
Central Scrutinizer left a comment for Rick Benton
"-----=Welcome Rick!!=----- SITE HELP & TIPS"
2 hours ago
Central Scrutinizer commented on truth's status
"from everything I been doing here, nothing pops out as,..ummm.. well, except for the news itself ;)…"
2 hours ago
James T. Kirk favorited Burbia's video
2 hours ago
Chris of the family Masters commented on cheeki kea's blog post The Race War The Left Wants
"If not for the 'whites' they still be living in caves..."
2 hours ago
James T. Kirk commented on James T. Kirk's status
"lol"
2 hours ago

© 2019   Created by truth.   Powered by

Badges  |  Report an Issue  |  Terms of Service

content and site copyright 12160.info 2007-2019 - all rights reserved. unless otherwise noted