A London court hearing revealed that former chief of Serious Fraud Office Richard Alderman might have conducted an abuse in process as he had delegated some of his main responsibilities to his former chief operating officer Phillippa Williamson, including overseeing fraud charges against Weavering Capital founder Magnus Peterson.
Former SAC Capital trader Mathew Martoma was found guilty of all insider trading charges. Reuters said Martoma's verdict is the eight of the insider trading convictions US authorities secured from a former or current employee of the hedge fund run by billionaire Steven A. Cohen.
In a recent interview with NBC's the "Today" show, mogul, boy-genius and CEO Mark Zuckerberg indicated that his brainchild -Facebook- said that the ubiquitous social media site still is in its infancy with still room to grow. Zuckerberg remains " so grateful to have the opportunity.. to serve so many people... and the best is yet to come."
The Public Company Accounting Oversight Board (PCAOB) said in hindsight at a recent budgetary meeting that the board and Chinese regulators are close to securing an agreement wherein US inspectors will be reviewing audits made by the Chinese accounting firms, including the local units of PricewaterhouseCoopers, KPMG, Deloitte and Ernst & Young.
