Federal and International, Local Police Reports, Park Forest

Financial Analyst & Former Investment Banker Charged with Fraud

Department of Justice, investment banker, fraud
Source: justice.gov

Chicago, IL-(ENEWSPF)- The U.S. Attorney’s Office in Chicago today charged a financial analyst and a former investment banker with securities fraud for allegedly earning profits from trades they made with non-public information.

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JASON NAPODANO, a former Managing Director of a Chicago investment research firm, used material, non-public information he obtained while preparing equity research reports about companies to purchase and sell stock in those companies, according to a criminal information filed in federal court…

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