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Added on the 19/05/2016 22:55:30 - Copyright : Reuters EN
U.S. authorities on Thursday charged a former chairman of Dean Foods and a professional Las Vegas gambler with engaging in a years-long insider trading scheme, which included a tip that benefited professional golfer Phil Mickelson. Bobbi Rebell reports.
U.S. authorities announce insider trading charges against a professional Las Vegas gambler, and a former company chairman, also saying pro golfer Phil Michelson benefitted from their scheme. Rough Cut (no reporter narration).
Vu Ang Nguyen worked as a selling support associate for Amazon.com in Tempe, Arizona. That gave him the power to manually authorize refund requests. And according to Business Insider, he sure did. A lot. Nguyen was arrested and charged with fraud last week after the company reported him to the FBI. Federal prosecutors say in court documents that Nguyen used his position to issue $96,508 in fraudulent refunds to himself and friends. Nguyen allegedly used eight fake buyer accounts to purchase expensive computers and electronics before issuing more than 300 refunds to the accounts. He then funneled the money to himself and his associates without returning the electronics.
The first official budget figures since Britain voted to leave the EU show a smaller-than-expected budget surplus. As post-referendum data continues to trickle in, attention is turning to what sort of access Britain will seek with its main trading partners in the EU. Kirsty Basset reports.
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