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Some perpetrators compounded the misdemeanor by running off copies to turn an illicit profit.
Such tactics would artificially inflate the price of stocks, which could then be sold at an illicit profit.
According to the Securities and Exchange Commission, Mr. Franklin made $5 million in illicit profit over five years for his various hedge funds and his personal accounts.
Such tactics would artificially inflate the price of stocks, which could then be sold at an illicit profit, the indictment said.
But another senior Administration official said the amounts of illicit profit were not enough to allow Mr. Hussein to produce nuclear, chemical or biological weapons.
Under the settlement announced on Tuesday, Mr. Leung agreed to pay to the commission the $8.1 million in illicit profit, plus interest, and an $8.1 million penalty.
Similar(42)
The potential illicit profits could be huge.
All told, the group garnered more than $11 million in illicit profits trading, the agency said.
Why, he wanted to know, were they letting child pornographers move illicit profits through their systems?
The S.E.C. is seeking financial penalties and the disgorgement of illicit profits.
The brothers agreed to give up their $1.8 million in illicit profits and pay $3 million in penalties.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com