Stock Analyst Arrested In $5M Fraud Scheme

Law360, New York (November 15, 2006, 12:00 AM EST) -- A freelance stock analyst named as a defendant in a securities civil lawsuit was arrested Monday in New York on unrelated criminal wire fraud charges.

Spyro Contogouris was arrested by the Federal Bureau of Investigation on the charge of defrauding his employer, a group of holding companies that controlled various properties in New York and Houston, of more than $5 million over the course of nine years.

Contogouris’ troubles don’t end there. He was named in a lawsuit Canadian financial company Fairfax Financial Holdings Ltd. filed...
To view the full article, register now.

UK Financial Services

UK Financial Services

Read Our Latest UK Financial Services Coverage

Financial Services Law360 UK provides breaking news and analysis on the financial sector. Coverage includes UK and European Union policy, enforcement, and litigation involving banks, asset management firms, and other financial services organizations.