Moore Capital Management Trader Arrested on Insider Trading Allegations

March 27th, 2010
| More
Julian Rifat, a trader at Moore Capital Management, was arrested on his 41st birthday and is accused of front-running block trades, according to Bloomberg. Front-running involves profiting from the advance knowledge of a block trade. Rifat did not conduct the illegal trades himself; instead, he fed the information to traders who then profited.

The investigation does not involve any funds managed by Moore Capital.
See Source
For Detailed Investor Profiles on these Investors, click below:
Moore Capital Management
Related People: Greg Coffey; Henry Bedford*; Jean-Philippe Blochet; Louis Bacon
Related Entities: Moore Capital Emerging Markets; Moore Global Fixed Income; Moore Japan Restructuring; Remington Investment Strategies; Valence Capital Management
Related Article Tags: Hedge Fund Fraud and Ponzi Scheme News


More Recent Headlines

King Street Capital Management Co-Founder Brian Higgins takes over Head of Trading role

Carl Icahn Resents his Corporate Raider Image

Post-Crisis: Hedge Funds, Custodial Risk and Prime Brokers

Plainfield Asset Management Co-Founder Leaves while D.A. Investigation Ongoing

Park Avenue Bank’s President Charles Antonucci Accused of Defrauding TARP

CalSTRS Names Director of Global Equity

Douglas Vaughan charged with $80 million Ponzi scheme, Fraud List surpasses $86.3 billion

Novell rejects Elliott Associates’ Unsolicited Takeover Proposal

Mark McAdams and Dane Freeman charged with Securities Fraud, Promised returns of 4,900%

Shareholder Activist Update: Ramius Capital Group