FBI Arrests 45 in Wall Street Bribes Investigation
York, Bloomberg New, The Independent (London, England)
Federal agents arrested 45 people, including former brokers at major Wall Street firms and the chairmen of publicly traded companies, on charges that they bribed dealers to promote stocks to investors, the Securities and Exchange Commission said yesterday.
The nationwide sting operation by the SEC, the US attorney's office in New York and the Federal Bureau of Investigation, was continuing into about 60 companies whose stock was touted, SEC spokesman Henry Klehm said.
"I can't think of any other securities case that has had this many people arrested from one investigation," Mr Klehm said. The arrests began early yesterday and continued throughout the day. …
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Publication information: Article title: FBI Arrests 45 in Wall Street Bribes Investigation. Contributors: York, Bloomberg New - Author. Newspaper title: The Independent (London, England). Publication date: October 11, 1996. Page number: 20. © 2009 The Independent - London. Provided by ProQuest LLC. All Rights Reserved.
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