| Phoning It In From Israel
Amir Waldman Settles With SEC On Mobileye No
Notary Pay to Play
By Matthew
Russell Lee, Patreon
BBC
- Decrypt
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Source
SDNY COURTHOUSE,
April 17 – Amir Waldman was
charged with insider trading
in connection with the sale of
Mobileye to Intel in 2017. But
on April 17 the Securities and
Exchange Commission dropped
its case in a short proceeding
with Waldman on the phone from
Israel amid the Coronavirus
lock-downs. Inner City Press
covered it.
U.S.
District Court for the
Southern District of New York
Judge Richard M. Berman asked
Waldman if he was satisfied
with his lawyers'
representation in the case. In
the docket, Waldman has had no
fewer than 10 lawyers and law
firms on his case. He said,
Yes.
Judge
Berman ruled: "Defendant is
liable for disgorgement of
$1,078,300.00, representing
profits gained as a result of
the conduct alleged in the
Amended Complaint, together
with prejudgment interest
thereon in the amount of
$40,889.38 and a civil penalty
in the amount of $1,078,300.00
pursuant to Section 21A of the
Exchange Act [15 U.S.C. §§
78u(d)(3), 78u-1]. This
obligation of Defendant shall
be satisfied by the payment of
Interactive Brokers of
$2,197.489.38 to the
Securities and Exchange
Commission."
The
SEC's lawyer agreed that
Waldman didn't have to sign
any papers, given the
difficulty of getting anything
notarized, in Israel, at this
time. The case is SEC v.
Waldman, 17-cv-2088
(Berman).
***
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