Former Amaya CEO David Baazov allegedly benefited from a kickback scheme in which he received payments in exchange for sharing privileged information about company acquisitions with friends and their families, according to Quebec's securities regulator AMF.

The allegations against Baazov, charged earlier this year following an investigation into accusations of insider trading, are contained in an amended 105-page document that L'Autorite des marches financiers (AMF) filed with the independent tribunal overseeing Quebec's financial sector . . . The document was filed as part of a case against 13 other people, including Baazov's brother Josh, who were alleged to have used their access to information to reap nearly $1.5 million in profit over five years. Those 13 people haven't been charged but have been ordered not to trade shares or gain access to proceeds from their activities. The tribunal is holding a hearing next week to discuss the AMF document.

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