Hot News   
NXTH & CLRH: Connected Like Siamese Twins       AWSL Chairman Has Some Skeletons in His Closet       Talk Is Getting Cheap at Imaging3       NXTH and The Shaq: A Sweet-and-Sour Deal?       IMGG Fails to Paint a Pretty Picture for Investors       AENY: The Dirty Truth behind the Pretty Coal Stock       Ex-EMC Executive Fined for Alleged Insider Trading       Jayhawk, No Longer a Highflier, Crashes to Earth       AENY: The Plot, the Players and the Shadowy Past       AENY: Look What's Hiding beneath that Former Shell       Government Adds More Weapons in Galleon Case       If Genoptix Is So Healthy, Why Are Insiders Selling?       CSKI Linked to 'Counterfeit' Drugs in China       IMGG Fails to Paint a Pretty Picture for Investors       AENY: Look What's Hiding beneath that Former Shell       Tradeshow Marketing Knows How to Sell Its Stock       Is IMGG's CEO Pulling the Plug on His Company?       Tradeshow Marketing Knows How to Sell Its Stock       Maximum 25-Year Sentence Handed Down in Ponzi Case       Former McKesson Chair Sentenced to 10 Years       Ailing Ponzi Schemer Now Begging Court for Mercy       Guilty Plea Entered in Long-Running Ponzi Case       Canadian Found Liable for 'Pump-and-Dump' Scheme       CSKI Auditor Accused of Blessing Fuzzy Math       Jadis Capital Leaders Plead Guilty to Fraud Charges       Leaders of Investment Firm Arrested for Alleged Scam       SEC Sanctions Presstek for Violating Disclosure Rules       Foreign Exchange Trader Accused of Ponzi Scheme       Former Wall Street Trader Charged in Kickback Case       

Former Wall Street Trader Charged in Kickback Case

- 3/10/2010 8:29:28 AM

Salvatore Zangari, a former “stock-loan” trader at Morgan Stanley (NYSE: MS) and Banc of America (NYSE: BAC), has been accused of violating securities rules by accepting secret kickbacks from a Brooklyn stock loan finder in exchange for sending business its way. During an 11-year span ending in 2009, the U.S. Securities and Exchange Commission claims, Zangari pocketed “well over $100,000 in cash kickbacks” – partially used for a down payment on a New York apartment – that shortchanged the Wall Street firms that employed him. “Zangari’s misconduct defrauded and otherwise harmed Morgan Stanley and Banc of America,” the SEC explained, “because he purposely arranged stock loan transactions on their behalf at borrowing and lending rates that were designed to generate finder-fee payments rather than to maximize the firms’ profits.” The SEC is seeking disgorgement, plus interest and penalties, from the former trader. 

Leaders of Investment Firm Arrested for Alleged Scam

more...

SEC Sanctions Presstek for Violating Disclosure Rules

more...

Foreign Exchange Trader Accused of Ponzi Scheme

more...

Former Wall Street Trader Charged in Kickback Case

more...

Former McKesson Chair Sentenced to 10 Years

more...

Ailing Ponzi Schemer Now Begging Court for Mercy

more...

Guilty Plea Entered in Long-Running Ponzi Case

more...

Canadian Found Liable for 'Pump-and-Dump' Scheme

more...

Maximum 25-Year Sentence Handed Down in Ponzi Case

more...

Regulators Crack Down on Abuse of Nominee Accounts

more...

First Allied Securities Fined for Poor Broker Oversight

more...

SEC Levies Big Fines for Kickback Scheme

more...

Police Take Aim at Alleged Home-Flipping Scam

more...

Former Kmarth CEO Slapped with $10 Million Penalty

more...

Former Pastor Accused of Fleecing Some of His Flock

more...

Trio Charged with Fraud for Real Estate Scheme

more...

Career Felon Accused of Operating Another Scam

more...

Gospel Music Family Tied to Suspected Ponzi Scheme

more...

Famous Psychic Accused of Defrauding Investors

more...

Former Berkshire Exec Hit with Maximum Prison Term

more...

SEC Halts Suspected Scam Targeting Bus Drivers

more...

American Equity Leaders Fined for Inside Deal

more...

Regulators Crack Down on Verint, May Halt Stock

more...

SEC Levies Big Fines in Securities Fraud Case

more...

Prominent Miami Couple Accused of Ponzi Scheme

more...

Court Exempts UBS from Exposure to Madoff Losses

more...

Tenth Defendant Pleads Guilty in Galleon Case

more...

Investment Adviser Accused of Violations

more...

Former Monster Attorney Evades Prison Sentence

more...

Supreme Court Hints at Retrial for Ex-Enron CEO

more...

Purported 'Debt Collector' Pleads Guilty in Ponzi Case

more...

Former Execs of WebMD Unit Guilty of Conspiracy

more...

Former Berkshire Executive Pleads Guilty to Fraud

more...

Judge Limits Refunds for Victims of Madoff Scam

more...

Madoff Whistleblower Was Ready to 'Kill' Swindler

more...

Canadian Regulators Fine Exec for Insider Trading

more...

'Investment Club' Operator Accused of For-Ex Scam

more...

Former Broker Sentenced to Prison for Ponzi Scheme

more...

U.S. Supreme Court to Review Law in Enron Conviction

more...

MoneyGram Settles Lawsuit with $80 Million Deal

more...

AIG to Pay Millions for Allegedly Defrauding Fund

more...

Former Kmart Chief Slapped with $10 Million Penalty

more...

Fair Finance to Liquidate Assets for Harmed Investors

more...

Deloitte Benefits Specialist Fined for Insider Trading

more...

Investment Advisor Charged with Securities, Mail Fraud

more...

'Madoff of the Midwest' Sentenced to Nine Years

more...

Fraud Charges Filed against Madoff's Ex-Operations Chief

more...

Former Stockbroker Accused of Operating Ponzi Scheme

more...

Madoff Relative Hopes to Shed Tainted Family Name

more...

CPA Pleads No Contest in Ponzi Scheme Case

more...

Stanford Receiver Seeks Return of Political Funds

more...

Feds Swarm Internet Firm Suspected of Ponzi Scheme

more...

Real Estate Promoter Pleads Guilty to Investment Scam

more...

Rabbi Allegedly Targeted SAC with Attempted Blackmail

more...

Swindler Hangs Himself ahead of Sentencing Date

more...

'Mini Madoff' Pleads Guilty to Securities Fraud Charges

more...

Former Attorney Sentenced to 99 Years for Fraud

more...

Stanford Assets Liquidated ahead of Big Fraud Trial

more...

Canadian Regulators Accuse Insurance Agent of Fraud

more...

Regulators Crack Down on Suspected Real Estate Scam

more...

SEC Finalizes Punishments in Big Pump-and-Dump Case

more...

Former KB Home Chief Can't Discredit Prosecutors

more...

Toyota under Investigation by SEC for Safety Issues

more...

Seven-Figure Fine Levied over Suspected Scam

more...

SEC Fines Two Canadians Millions for Insider Trading

more...

Former Broker Sentenced to Prison for Securities Fraud

more...

Another Galleon Defendant Could Soon Plead Guilty

more...

Judge Finally Approves BofA Settlement with SEC

more...

Regulators Derail Suspected Multibillion-Dollar Scam

more...

Conviction Handed Down in Securities Fraud Case

more...

Feds Want 'Extraordinary' Leniency for Madoff Aide

more...

Arizona Cracks Down on Alleged Real Estate Scams

more...

SEC Targets Suspected Pump-and-Dump Scheme

more...

Investors Hub Operator Pleads Guilty to Fraud

more...

Prominent Rabbi Accused of Extorting Hedge Fund

more...

Former UBS Executive Fined for Alleged Insider Trading

more...

Judge Wants Pay Oversight in BofA's Deal with SEC

more...

Massive Lawsuit Moves Forward against MBIA

more...

Former HealthSouth VP Sentenced to Prison

more...

Judge Refuses to Dismiss Charges Tied to Madoff Case

more...

Date Set for Criminal Trial in Galleon Trading Case

more...

Regulators Issue Fines for Alleged Penny Stock Fraud

more...

SEC Files Charges against LCA-Vision Opthalmologist

more...

World Fuel Services Execs Accused of Insider Trading

more...

Tax Evasion Crackdown Expands beyond UBS

more...

Former Regulator Seeks to Overturn His Conviction

more...

Toronto Stockbroker Found Guilty of Securities Fraud

more...

Utah Businessman Pleads Guilty to Securities Fraud

more...

Two Accused of Misusing Nominee Stock Accounts

more...

Former Brocade Executive Hit with Six-Figure Penalty

more...

Sister of Fugitive Arrested in New Century Financial Case

more...

Rent-A-Husband Founder Bashes Prosecutors

more...

Light Sentence Given for Oil-and-Gas Scam

more...

Canadian Regulators Settle Two Insider Trading Cases

more...

Prosecutors Could Appeal Dismissed Broadcom Case

more...

Madoff Aide to Be Freed after Posting $10 Million Bail

more...

Court Delays Release of Galleon Wiretap Tapes

more...

Two More Firms Fined in 'Pay-to-Play' Scam

more...

Convicted Former Regulator Remains Stuck behind Bars

more...

Theme Park Founder Convicted of Fraud

more...

Stock Promoter Sentenced to Three Years in Prison

more...

NY Broker Arrested for Alleged Securities Scam

more...

Ex-Partner at Ernst & Young to Spend a Year behind Bars

more...

Former Investment Adviser Sentenced to Nine Years

more...

Boca Raton Fraudster Hit with Lengthy Sentence

more...

Government Adds More Weapons in Galleon Case

more...

Investors Hub Operator Near Plea Deal with Prosecutors

more...

Two Arrested in Indiana for Alleged Investment Scam

more...

Convicted Stock Promoter Banned from B.C. Markets

more...

Hacker Pleads Guilty in 'Pump-and-Dump' Case

more...

High-Profile Financial Advisors Headed to Jail

more...

Another Galleon Defendant Looks Poised to Plead Guilty

more...

State Street Fined Again over Subprime Mortgage Mess

more...

SEC Drops Backdating Case against Broadcom Founders

more...

Galleon Informant Escapes Prison after Cooperating

more...

BofA Sued by Prosecutors as It Inks Settlement with SEC

more...

Regulators Ink Settlement in Insider Trading Case

more...

SEC Punishes Executive for Alleged Insider Trading

more...

Alleged Fraudsters to Pay Millions for SEC Violations

more...

SEC Files Charges against Children's Book Company

more...

Judgment Levied against NY Hedge Fund Manager

more...

State Prosecutors Take Aim at 'Sly' Fox for Alleged Scam

more...

Regulators Accuse Lawyer of Assisting Penny Stock Scams

more...

Judge Tosses SEC Charges against Madoff Feeder Fund

more...

Galleon 'Mole' Pleads Guilty to Insider Trading Charges

more...

SEC Files Charges against Owner of Title Company

more...

Convicted Former Regulator Seeks Release from Jail

more...

Fatter Budget Requested to Battle Financial Fraud

more...

Stockbroker Charged with Alleged Securities Fraud

more...

Vancouver Stock Promoters Nailed for Tax Evasion

more...

Former Regulator Convicted for Stock Manipulation

more...

Penny Stock Offerings Trigger SEC Crackdown

more...

Regulators Accuse Duo of Multimillion-Dollar Fraud

more...

Financial Scammer Sentenced to 30 Years

more...

Hedge Fund Manager Pleads Guilty in Galleon Group Case

more...

IRS Takes Heavy Aim at Corporate Tax Shelters

more...

Regulators Crack Down on Alleged Penny Stock Scam

more...

Hedge Funds Sanctioned for Short-Selling Violations

more...

New Guilty Plea Expected in Big Galleon Group Case

more...

Two Indicted for Alleged Foreign Currency Scam

more...

Toronto Broker Headed to Trial in Penny Stock Case

more...

SEC Seeks 'Phantom Profits' Collected from Ponzi Scheme

more...

VW Investors Sue Porsche over 'Historic' Short Squeeze

more...

New Settlements, Potential Charges in Galleon Case

more...

Scammer Pleads Guilty in Securities Fraud Case

more...

SEC Sanctions Brokerage Firm for Allegedly Paying Bribes

more...

Fund Manager Nailed for Illegal Bond Trades

more...

Ex-EMC Executive Fined for Alleged Insider Trading

more...

Former E&Y Partners Sentenced to Prison

more...

Rent-A-Husband Founder Pleads Not Guilty to Fraud

more...

Boiler Room Pitchman Too Broke to Pay SEC Fines

more...

PR Firm Charged in Alleged 'Pump-and-Dump' Schemes

more...

Assurant Insurance Fined for Accounting Violations

more...

Judge Throws the Book at Former CPA for Scam

more...

Prosecutors Indict Seven More in Sweeping Galleon Case

more...

Regulators Ink Settlement with Evergreen Executive

more...

SEC Aims to Expand Charges against Galleon Founder

more...

Feds Seek Hefty Jail Time for Credit Suisse Broker

more...

Berkshire Insurance Division to Pay $92 Million in Fines

more...

Former Investment Banker Pleads Guilty to Fraud

more...

Government Catches on to Alleged Fraudster's Games

more...

Ponzi Scheme Operator Hit with Lengthy Prison Term

more...

Hedge Fund Manager to Be Sentenced This Week

more...

Canadian Stock Promoter Racks up Massive Violations

more...

Alabama Man Arrested for Alleged Securities Fraud

more...

Regulators Seize Assets Hidden by First Jersey Chief

more...

Another Galleon Defendant Could Enter Plea Agreement

more...

Businessman Charged with Two More Financial Crimes

more...

Ponzi Schemer Sentenced to 18 Years for Record Scam

more...

Attorney Headed to Prison for Aiding Huge Refco Fraud

more...

Financial Penalties Levied in Insider Trading Case

more...

Radio Personality Pleads Guilty to Ponzi Scheme

more...

'Chinese Warren Buffet' Finally Nabbed in Canada

more...

Ex-Qwest CEO Exhausts His Final Shot at Appeal

more...

Alleged Penny Stock Basher Evades Harsh Punishment

more...

Convicted Ponzi Schemer Indicted for Fraud Again

more...

Former Homestore Chairman Pleads Guilty to Conspiracy

more...

BofA Hit with New Charges over Merrill Lynch Deal

more...

SEC Fines Canadian for Trading on Merrill Tips

more...

Regulators Issue More Fines over Pyramid Scheme

more...

BofA Considers Settling Merrill Lynch Investigation

more...

Attorney Drops Lawsuit against SAC Founder

more...

Key Witness Identified in Galleon Group Case

more...

Regulators Crack Down on Suspected Affinity Fraud

more...

Regulators File Charges against Father-Son Team

more...

Former Pharma Exec Fined for Alleged Insider Trading

more...

SEC Issues Major Penalties for Alleged Stock Manipulation

more...

Broker Could Serve Time for Issuing Bogus Press Releases

more...

BofA Could Face New Charges over Merrill Lynch Deal

more...

SEC Cracks Down on Alleged Energy Investment Scam

more...

Illinois Financial Advisor Accused of Securities Fraud

more...

SEC Halts Investments in Suspected Ponzi Scheme

more...

Judge Levies Big Fine in Telecom Fraud Case

more...

All Bets Are Now off for Internet Gambling Tycoon

more...

Former UBS Banker Jailed in International Tax Case

more...

Senior Citizen Nailed for Online Investment Fraud

more...

Scammer Headed to Prison for Defrauding Investors

more...

'Investment Banker' Hit with Penny Stock Bar

more...

Homestore.com Founding CEO to Plead Guilty to Fraud

more...

Lawyer Slapped with Record Sentence for Insider Trading

more...

Ex-McKinsey Director Pleads Guilty in Galleon Group Case

more...

SEC Settlement Reached in Options Backdating Case

more...

Former Merrill Executive Settles Enron Charges

more...

Arrest Warrant Issued for 'Chinese Warren Buffett'

more...

Deadline Extended Again in Galleon Group Case

more...

Guilty Plea Expected in Massive Ponzi Case

more...

SEC Seeks Judgment against Penny Stock Promoter

more...

Perot Insider to Forfeit Millions under SEC Deal

more...

Galleon Group Founder Could Face Expanded Charges

more...

SEC Finally Halts Trading in Suspicious Penny Stock

more...

Penny Stock Exec Banned from Industry Once Again

more...

California Telecom Fined Millions for Alleged Bribery

more...

FINRA Seeks New Powers to Curb Penny Stock Fraud

more...

High-Ranking Chinese Cop Engulfed in Stock Scandal

more...

Canadian Energy Executive Fined for Insider Trading

more...

Stifel, Nicolaus to Refund Money for Risky Securities

more...

FINRA Issues Warning about 'Green Energy' Scams

more...

Identical Twins Accused of Stealing Millions in Scam

more...

Securities Broker, Supervisor Slapped with SEC Charges

more...

Former Execs of Defunct Health Firm Settle Charges

more...

NC State Senator Resigns Amidst Stock Investigation

more...

Broadcom to Pay Huge Fine for Backdated Stock Options

more...

Former McKinsey Director May Be Cooperating

more...

Credit Suisse Accused of Massive Investment Fraud

more...

Billionaire's Former Wife Retains Big-Name Attorney

more...

Regulators Ban Ex-CEO from Penny Stock Industry

more...

SEC Files Charges against Ex-Chief of Health Firm

more...

Ponzi Scheme Operators Sentenced to 10 Years

more...

Insider Trading Suspected ahead of Chattem Buyout

more...

Former McKesson HBOC Chair Free until Sentencing

more...

Atlas Mining, Former CEO Ink Settlement with the SEC

more...

Golden Apple CEO Punished for 'Pump-and-Dump' Scam

more...

Court Reinstates Convictions against Alabama Official

more...

SEC Files Charges against Firm Using NFL Stars

more...

Lengthy Prison Sentence Recommended for Broker

more...

Valley Investments Assistant Scheduled to Surrender

more...

Authorities Seize Property in Securities Fraud Case

more...

Galleon Chief, Fund Manager Plead Not Guilty to Fraud

more...

Brooklyn Men Face Years in Prison for Securities Fraud

more...

Authorities Want Former McKesson Chair in Jail

more...

FINRA Launches Sweeping Probe of Wall Street Firms

more...

SEC Cracks Down Again on Suspected Fraudster

more...

Russian Firm Punished for Alleged Stock Manipulation

more...

Ernst & Young Partners Sanctioned in Bally Case

more...

Regulators Halt Investments in Suspected Ponzi Scheme

more...

Valley Investments Leader Indicted on Fraud Charges

more...

SEC Files Charges against Ex-TPG, Lazard Associates

more...

'Wall Street Legend' Accused of Insider Trading

more...

SEC Cracks Down on Suspected Securities Fraud

more...

Judge Dismisses Charges against Broadcom Execs

more...

Galleon Chief Formally Indicted for Insider Trading

more...

Underwriter Faces Prison Time for Risky Investments

more...

Ex-Mayfair Capital Group CEO Pleads Guilty to Fraud

more...

Former Money Manager for Pro Athletes Arrested Again

more...

Lawyer Pleads Guilty in Galleon Group Case

more...

Hedge Fund Manager Hit with Lengthy Prison Sentence

more...

Investools to Pay Millions under SEC Settlement

more...

NYC Hedge Fund Manager Pleads Guilty to Fraud

more...

Money Manager Indicted for Long-Running Ponzi Scheme

more...

Hollywood Money Manager Targeted in Madoff Probe

more...

Brokers Headed to Prison for Penny Stock Manipulation

more...

Former Wachovia Broker Sanctioned by Regulators

more...

Second Defendant Pleads Guilty to Affinity Fraud

more...

Rent-A-Husband Owner Indicted on Fraud Charges

more...