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Written by LER

Created: 14 May 2018

The Securities and Exchange Commission announced that it has charged New York-based investment adviser Premium Point Investments LP with inflating the value of private funds it advised by hundreds of millions of dollars.  The SEC also charged Premium Point’s CEO and chief investment officer Anilesh Ahuja as well as Amin Majidi, a former partner and portfolio manager at the firm, and former trader Jeremy Shor.

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Written by LER

Created: 09 May 2018

Nisar Ahmed Chaudhry, 71, of Columbia, Maryland, pleaded guilty Monday to failure to file a foreign agent registration statement.

The guilty plea was announced by Assistant Attorney General for National Security John C. Demers, U.S. Attorney Robert K. Hur for the District of Maryland and Special Agent in Charge Gordon B. Johnson of the FBI’s Baltimore Field Office.

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Written by DOJ

Created: 06 May 2018

A Reno, Nevada attorney was sentenced Monday to 25 months in prison for filing false federal income tax returns, announced Principal Deputy Assistant Attorney General Richard E. Zuckerman and U.S. Attorney Dayle Elieson for the District of Nevada. 

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Written by LER

Created: 04 April 2018

The Department of Justice announced today that it has reached a settlement with Knorr-Bremse AG and Westinghouse Air Brake Technologies Corporation (Wabtec), two of the world’s largest rail equipment suppliers, to resolve a department lawsuit alleging that the companies had for years maintained unlawful agreements not to compete for each other’s employees. The lawsuit further alleges that the companies entered into similar “no-poach” agreements with rail equipment supplier Faiveley Transport S.A. before Faiveley was acquired by Wabtec in November 2016. 

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