Article: Poway Rabbi’s Sentencing in Financial Fraud Delayed 6 Months: Probe Persists

Article - Media, Publications

Poway Rabbi’s Sentencing in Financial Fraud Delayed 6 Months: Probe Persists

Ken Stone, 26 April 2021

Chabad of Poway’s former head rabbi faces a maximum five-year prison sentence for tax-evasion and other financial crimes he pled guilty to last July.

But sentencing of Rabbi Yisroel Goldstein won’t take place Monday — a day short of two years after he lost his right index finger in the deadly shooting attack on his congregation. Continue reading “Article: Poway Rabbi’s Sentencing in Financial Fraud Delayed 6 Months: Probe Persists”

Article: Las Vegas Sands probes potential money-laundering breaches at Singapore’s Marina Bay Sands casino

Article - Media, Publications

Las Vegas Sands probes potential money-laundering breaches at Singapore’s Marina Bay Sands casino

Bloomberg,  29 March 2021

Las Vegas Sands Corp. set up a special committee to look into potential breaches of anti-money-laundering procedures at its Singapore casino, which has already been the target of probes by US officials and local police.

The committee of three independent board members is reviewing money transfers among high rollers and third parties at Marina Bay Sands, as well as any possible retaliation against whistle-blowers, according to people familiar with the matter.

US law firm Vinson & Elkins LLP has been hired to assist with the review, according to the people, who asked not to be identified because of the confidentiality involved. Las Vegas Sands declined to comment. Continue reading “Article: Las Vegas Sands probes potential money-laundering breaches at Singapore’s Marina Bay Sands casino”

Article: GameStop hearing targets stock lending, social media

Article - Media, Publications

GameStop hearing targets stock lending, social media

Michael Shaw, 23 March 2021

Two issues emerged from a congressional hearing on the volatile trading of GameStop Corp. shares: Lawmakers and regulators need a greater understanding of how technology helped foster the frenzy, and regulators need systems to understand such events — and possibly to manage them.

House Financial Services members and witnesses spent most of their time at the hearing last week focusing on the role of short-selling in the GameStop trading frenzy in January. They specifically looked at the source of securities used to take short positions, and they looked at how a bunch of retail investors seemingly were able to outmaneuver the professionals. Continue reading “Article: GameStop hearing targets stock lending, social media”

Subject: Robert Goldstein

Subject of Interest

Robert Goldstein is a member of BlackRock’s Global Executive Committee. He is the Senior Managing Director, Chief Operating Officer and the Head of its BlackRock Solutions business. Goldstein serves on the Board of Trustees for the Battery Conservancy in New York and the Board of Advisors for the Hospital for Special Surgery. He earned a BS degree, magna cum laude, in economics from Binghamton University in 1994.

Biography

Black Rock, Inc 

Article: In Insider Trading Settlement, Steven Cohen Will Be Free to Manage Outside Money in 2 Years

Article - Media, Publications

In Insider Trading Settlement, Steven Cohen Will Be Free to Manage Outside Money in 2 Years

Matthew Goldstein and Alexandra Stevenson, 08 January 2016

Steven A. Cohen, the billionaire investor, is walking away largely unscathed from nearly a decade of investigations by federal prosecutors and securities regulators into accusations of insider trading at his former hedge fund.

On Friday, Mr. Cohen reached a deal with the Securities and Exchange Commission that will bar him from managing money for outside investors for the next two years. That is a far cry from the lifetime ban that securities regulators sought when they filed an administrative case against him more than two years ago. Continue reading “Article: In Insider Trading Settlement, Steven Cohen Will Be Free to Manage Outside Money in 2 Years”

Article: Steven Cohen’s Hedge Fund Being Investigated For Insider Trading: Report

Article - Media, Publications

Steven Cohen’s Hedge Fund Being Investigated For Insider Trading: Report

Matthew Goldstein and Svea Herbst, 18 March 2010

The question on the minds of investors, managers and lawyers inside and outside the hedge fund industry today is, who’s next? Continue reading “Article: Steven Cohen’s Hedge Fund Being Investigated For Insider Trading: Report”

Article: New Evidence Raises Questions About Kingsford Capital

Article - Media

New Evidence Raises Questions About Kingsford Capital – Links To TheStreet.com Inc., Others

Mark Mitchell

Market Rap, 7 January 2010

A blog published by the University of North Carolina School of Journalism reported recently that Steve Cohen of hedge fund SAC Capital managed to kill a story by Reuters reporter Matt Goldstein. It seems that Goldstein was going to shed some light on allegations that Cohen engaged in insider trading. Cohen didn’t like that, and got in touch with Goldstein’s superiors.

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Article: Refco – When Smart Money Isn’t So Smart

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Refco: When Smart Money Isn’t So Smart

Matthew Goldstein

Bloomberg, 16 July 2007

The titans of the private equity world fancy themselves smarter, shrewder, and more sophisticated than any one else on Wall Street. Investors have bought into the sentiment as they’ve scooped up the shares of the private equity firms that have gone public recently: Blackstone Group (BX) and Fortress Investment Group (FIG). But a recent report on the spectacular collapse of Refco—the once-dominant commodities broker that was laid waste by a massive accounting fraud—paints an unflattering portrait of the private equity firm that engineered Refco’s August, 2004, leveraged buyout and its initial public offering a year later (see BusinessWeek.com, 7/11/07, “Kill the Private-Equity Tax Break”).

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Web: Hedge Fund Shells Out in Shorting Probe

Web

Hedge Fund Shells Out in Shorting Probe

Bud Burrell, Matthew Goldstein

TheStreet cited by Sanity Check via Wayback, 14 March 2006

A New York hedge fund manager will pay $16 million to settle allegations arising out of a two-year-old investigation into manipulative trading in the market for private placements by small-cap companies.

The penalty agreed to by Jeffrey Thorp is the largest settlement assessed to date by the Securities and Exchange Commission in the investigation into trading abuses in the $18 billion-a-year market for PIPEs, or private investment in public equity.

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Article: CNBC’s ‘Mad Money’ Host Was Subpoenaed by SEC

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CNBC’s ‘Mad Money’ Host Was Subpoenaed by SEC

A second financial news organization was subpoenaed for records in an investigation by the Securities and Exchange Commission, whose chairman has put the subpoenas on hold amid controversy.

TheStreet.com and co-founder and major shareholder Jim Cramer were served subpoenas by the SEC about three weeks ago in connection with an inquiry into allegations of stock manipulation.

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Release: DTCC Announces Effort to Correct Record on Its Stock Borrow Program & Naked Short Selling

Release

DTCC Announces Effort to Correct Record on Its Stock Borrow Program & Naked Short Selling

Business Wire, 30 March 2005

The Depository Trust & Clearing Corporation (DTCC) has provided its bank and broker customers with a detailed explanation of its Stock Borrow program and the issue of naked short selling in an effort counter a widespread campaign of distortions and misleading information.

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Article: DTCC Chief Spokesperson Denies Existence of Lawsuit

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DTCC Chief Spokesperson Denies Existence of Lawsuit

Financial Wire cited by RGM Communications via Wayback, 11 May 2004

FinancialWire received a confidential email between a reporter and Stuart Z. Goldstein, Managing Director of Corporate Communications for the Depository Trust and Clearing Corp. in which Goldstein was represented as denying that a lawsuit filed by Nanopierce Technologies (OTCBB: NPCT) exists.

The chief spokesperson for the DTCC, whose board of directors represent a who’s who of financial entities, including Lehman Brothers (NYSE: LEH), Citigroup / Solomon Smith Barney’s Corporate Investment Bank (NYSE: C), and Morgan Stanley (NYSE: MWD), was quoted as stating that the “lawsuit” did not exist and was simply “charges being leveled by internet crackpots.”

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