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USA v. Afriyie

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Case overview

Case Number:

1:16-cr-00377

Court:

New York Southern

Nature of Suit:

Judge:

Paul A. Engelmayer

Firms

Companies

Sectors & Industries:

  1. July 29, 2022

    Judge Denies 'Frivolous' Vacate Bid By Ex-MSD Analyst

    A New York federal judge has dismissed a "meritless and frivolous" bid to vacate from convicted insider trader John Afriyie, a former investment analyst at MSD Capital LP, saying that Afriyie already lost his chance to make his objection and that even if he hadn't, it wouldn't make a difference.

  2. December 12, 2017

    Judge Won't Help Out Convicted Analyst's Firm On Legal Fees

    A New York federal judge has refused a request by MSD Capital LP to change the forfeiture-restitution balance in the case of a convicted insider trader who had been an analyst there, saying Monday he didn't have jurisdiction since there's now an appeal, and it wouldn't have changed things this late in the game regardless.

  3. July 26, 2017

    Analyst Gets 45 Months For Insider Trading On ADT Buy

    A bail-jumping former MSD Capital LP analyst was sentenced Wednesday to 45 months in prison for what a New York federal judge called a "classically reckless" and "stupid offense" — trading on inside information about Apollo Global Management LLC's planned $15 billion acquisition of ADT Corp.

  4. July 20, 2017

    Entitled Insider Trader Deserves Up To 8 Years, Feds Say

    Federal prosecutors asked a New York federal court on Wednesday to imprison former MSD Capital LP analyst John Afriyie for up to eight years, saying he exemplified greed and a sense of entitlement when using inside knowledge of a $15 billion private equity buyout to turn a profit.

  5. July 14, 2017

    Investment Analyst Fights 'Harsh' Insider Trading Sentence

    Former MSD Capital LP analyst John Afriyie told a New York federal court Thursday that it would be "unnecessarily harsh and punitive" to sentence him to up to eight years behind bars for his conviction for turning a profit with inside knowledge of a $15 billion private equity buyout.

  6. February 13, 2017

    ADT Insider Trader Must Pay Enhanced $2.8M Forfeiture

    Convicted former investment analyst John Afriyie must pay an almost $2.8 million judgment over his insider trading, more than a jury had earmarked and much more than the $1.5 million he netted on ADT Corp.'s go-private deal, according to an order filed in New York federal court Friday.

  7. February 03, 2017

    Gov't Pushes For $2.8M From Ex-Analyst For Insider Trading

    Federal prosecutors pressed a New York federal judge on Friday to hit convicted former investment analyst John Afriyie with a $2.8 million judgment over his insider trading — more than a jury had earmarked, and much more than the $1.5 million he netted on ADT Corp.'s go-private deal.

  8. January 30, 2017

    Bail-Jumping Former Analyst Found Guilty Of Insider Trading

    A Manhattan federal jury on Monday needed less than three hours to convict former MSD Capital LP analyst John Afriyie on charges that he used his mother's brokerage account to turn a $1.5 million profit from inside knowledge of a $15 billion private equity buyout.

  9. January 27, 2017

    ADT Insider Trading Jury Hears Ex-Analyst's Phone Calls

    A Manhattan jury heard a recording Friday in which a TD Ameritrade representative asked John Afriyie, the former MSD Capital LP analyst accused of using secret information to reap a $1.5 million profit from a private equity buyout, if he was accessing his mother's brokerage account without authorization.

  10. January 26, 2017

    Analyst Peeked At Secret Files Before ADT Buyout, Jury Told

    Secret files that insider trading suspect John Afriyie is accused of accessing would have let him guess how high shares of ADT Corp. would climb weeks before Apollo Global Management announced its $15 billion buyout of the security company, the defendant's former MSD Capital LP colleague told a Manhattan jury Thursday.