Millions of Pounds of Meat Sold at New Jersey Walmart, Trader Joe’s, and Aldi Recalled
BrucePac, a leading producer of ready-to-eat meat and poultry, has issued a voluntary recall of approximately 10 million pounds of products due to potential contamination with Listeria monocytogenes. The recall was initiated…
Ex-Vitol oil trader heads to US trial on Ecuador bribery charges
By Luc Cohen NEW YORK (Reuters) – A former employee of the world’s largest oil trader, Vitol, is set to go on trial in the United States this week on charges of…
Portland Man Who Claimed to be a Foreign Exchange Currency Trader Indicted for Wire Fraud
PORTLAND, Ore.—A Portland man, who for more than a decade claimed to be a successful foreign exchange currency trader to solicit millions of dollars in investments, has been indicted in federal court…
Wall Street regulator adopts Dodd Frank rule against trader conflicts
(Reuters) – The U.S. Securities and Exchange Commission on Monday adopted a financial crisis-inspired rule barring traders in asset-backed securities from betting against the same assets they sell to investors. The SEC…
Brooklyn Trader Who Turned ISIS Sniper, Left His Family Sentenced to Life in Prison
In a federal court verdict, a U.S. citizen, Ruslan Maratovich Asainov, 46, formerly of Bay Ridge, New York, has been found guilty on all five counts of conspiring and providing material support…
Energy trader Gunvor more than doubles provision for US fine
By Julia Payne BRUSSELS (Reuters) – Global energy trader Gunvor’s first-half net profit slipped to $803 million from $841 million a year earlier, it said on Friday, citing lower price volatility in…
Trader Joe’s to Open at Abandoned Middletown Walgreens
MIDDLETOWN, NJ – The abandoned former Walgreens store in the Middletown Plaza will soon transform into a Trader Joe’s. The company moved one step closer this week by adding the location to…
Trader Joe’s Soup Sold in New Jersey Could Contain Bugs, Company Says
BRICK TOWNSHIP, NJ – You’ve heard the timeless joke, “Excuse me waiter, there’s a fly in my soup.” Well, now for many who bought soup at Trader Joe’s, it’s nothing to laugh…
Goldman Sachs reshuffles equities unit executives after top trader Montesano’s exit
(Reuters) – Goldman Sachs Group Inc on Wednesday announced a slew of changes to leadership in its equity trading division following the retirement of its top equity trader Joe Montesano last month,…
Former Bond Trader And Hedge Fund Founder Jeffrey Soberman Parket Pleads Guilty To $65 Million Ponzi Lending Scheme
Damian Williams, the United States Attorney for the Southern District of New York, and Daniel B. Brubaker, Inspector in Charge of the New York Division of the U.S. Postal Inspection Service (“USPIS”),…
JPMorgan’s top trader sees China as biggest overseas opportunity
By Lananh Nguyen and Saeed Azhar NEW YORK (Reuters) – JPMorgan Chase & Co.’s head of trading sees China as its largest potential overseas market as the bank aims to expand its…
Individual Who Portrayed Himself as Experienced Stock Trader Sentenced to 30 Months’ Imprisonment for Defrauding Investor
Gonzalo Ortiz was sentenced yesterday in federal court in Brooklyn by United States District Judge William F. Kuntz II, to 30 months in prison for defrauding an investor of nearly $600,000 by…
Indonesia finds local trader forged ingredient label in probe of cough syrup deaths
JAKARTA (Reuters) – Indonesian police said on Monday a local trader of industrial-grade chemicals sold them as pharmaceutical-grade, leading to their use in medicated syrups that authorities suspect may have caused deaths…
Trader Joe’s is sued over lead, cadmium levels in dark chocolate
By Jonathan Stempel NEW YORK (Reuters) – Trader Joe’s was sued on Wednesday by a consumer who accused the grocery chain of misleading and endangering shoppers by selling dark chocolate that contains…
Ex-JPMorgan, Credit Suisse trader convicted at U.S. spoofing trial
(Reuters) – A former trader at JPMorgan Chase & Co and Credit Suisse was convicted of fraud in U.S. court on Friday for scheming to manipulate precious metals futures through a trading…
Deutsche Bank sued for $150 million in New York by exonerated trader who alleges coverup
By Jonathan Stempel NEW YORK (Reuters) – Deutsche Bank AG has been sued for $150 million by a former trader whose conviction for rigging the Libor rate benchmark was overturned, and who…
Singapore financial regulator imposes $9 million fine on commodity trader Noble Group
(Reuters) – Commodity trader Noble Group Ltd will pay a S$12.6 million ($9.03 million) penalty for releasing ‘misleading’ information in its financial statements between 2012 and 2016, the Monetary Authority of Singapore…
Glencore cuts ties with Chinese trader caught up in scandal over missing copper -FT
(Reuters) – Switzerland-based Glencore Plc and other major traders have stopped supplying Chinese metals merchant Huludao Ruisheng over a brewing scandal about missing copper inventories in the port of Qinhuangdao, the Financial…
Man Charged for GTA After Stealing Vehicle from Trader Joe’s Parking Lot in Wilmington
WILMINGTON, NJ – 31-year-old Francis Phillips was arrested and charged for theft of a motor vehicle following an incident Tuesday night. According to police, at pproximately 6:04 p.m., troopers responded to Traders…
Kazakh tycoon gives up stake in major oil trader
NUR-SULTAN – Kazakh billionaire businessman Timur Kulibayev has handed to the state energy company his stake of 49% in Petrosun, a large oil and oil products trader controlled by China’s CNPC, Kazakh…
Gazprom says it fully cuts off gas supplies to Dutch gas trader GasTerra
(Reuters) – Russian energy giant Gazprom said on Tuesday it has fully cut off gas supplies to Dutch gas trader GasTerra after it had failed to make payments for gas delivered in…
Kansas Cattle Trader Fined and Banned for Life After Repeated Violations of the Packers and Stockyards Act
WICHITA, KAN. – The U.S. District Court for the District of Kansas fined a recidivist violator of statutory and regulatory federal livestock laws under the Packers and Stockyards Act. The District Court…
Cryptocurrency Trader Sentenced To 42 Months
Damian Williams, the United States Attorney for the Southern District of New York, announced that defendant JEREMY SPENCE, a/k/a “Coin Signals,” was sentenced to 42 months in prison for defrauding more than…
Citigroup acknowledges trader error in sudden fall of European shares
NEW YORK – Citigroup Inc acknowledged late on Monday that one of its traders made an error in the sudden fall of European shares early in the day. “This morning one of…
Activision CEO’s meeting with options trader under U.S. probe – WSJ
(Reuters) – U.S. authorities are investigating whether an options trade in Activision Blizzard Inc violated insider-trading laws as it followed a meeting between CEO Bobby Kotick and one of the traders, the…
Ohio-Based Stock Trader Pleads Guilty To Securities Fraud
Damian Williams, the United States Attorney for the Southern District of New York, announced today that STEVEN GALLAGHER pled guilty to one count of securities fraud. GALLAGHER, using the alias “Alex DeLarge,”…
Breaking News
