Category: Insider Trading

Online Gambling Kingpin Hit with Insider Trading Scandal

With the untimely passing of the crack-smoking former mayor of Toronto, Rob Ford, Canada was in desperate need of a new scandal.  Well, today they got it. Amaya (NYSE: AYA) CEO, David Baazov, is being charged with insider trading.

Quebec’s Autorité des marchés financiers (the AMF) filed charges against Baazov and others with “aiding with trades while in possession of privileged information, influencing or attempting to influence the market price of the securities of Amaya inc., and communicating privileged information.”

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