Seizing mob assets and tipping the SEC:
- The article “Mafia hurt by asset seizures but still too strong to beat” suggests that Italian asset forfeiture laws are critically important in fighting the Italian mob. The article quotes a magistrate in Naples who “told Reuters the confiscation of assets was a vital weapon, ‘more important even than the arrest and conviction of bosses,’ because of its visible impact in challenging mafia power.”
- “No End In Sight For Decade-Long Conn. Divorce Case” discusses Ms. Karen Kaiser and her ex-husband David Zilkha. Ms. Kaiser gathered copies of e-mails from the couple’s home computer and these e-mails were eventually supplied as a tip to the SEC. The e-mails allegedly help show that Mr. Zilkha had provided nonpublic information about Microsoft Corporation, to Pequot Capital Management, Inc. and Pequot’s founder, Arthur Samberg. A 2010 news release explained that the SEC ultimately filed a complaint against Pequot and Samberg, for alleged insider trading. The SEC also brought a related proceeding against Mr. Zilkha. For their assistance with the underlying SEC insider trading investigation, Ms. Kaiser and her current husband received a $1 million dollar SEC whistleblower reward in 2010.
Copyright 2013 Fred L. Abrams