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  1. #1
    The Buzz's Avatar
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    Default LeoVegas offices raided over insider trading allegations

    The Swedish Economic Crime Authority has searched the offices of LeoVegas as it investigates insider trading allegations stemming from the proposed $600 million acquisition of the company by MGM.

    Shares of LeoVegas soared by 42% on 2 May following the announcement.

    A statement issued by LeoVegas read:

    On the 7 of June LeoVegas was contacted by the Swedish Economic Crime Authority due to a preliminary investigation concerning suspected insider trading in the company’s shares. LeoVegas is fully assisting the authorities in their investigation.

    No employee, member in the management team or board member in the Company has been notified about any criminal suspicion. The Company has no further information to provide. All questions concerning the preliminary investigation need to be directed to the Swedish Economic Crime Authority.
    Read more here: https://leovegasgroup.com/en/investo...ime-authority/

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  3. #2
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    Unless they have concrete evidence against LeoVegas, then it's all just hearsay and up in the air. This story reminds me of when Affactive had their offices raided back in 2015 and were arrested. Not long after, I remember trying to open their site and it had been taken offline.

    Here's the story I was talking about on AGD.

    hxxps://www.affiliateguarddog.com/community/threads/owners-of-affactive-revenuejet-arrested.8919/
    Last edited by Cash Bonus; 7 June 2022 at 4:33 pm.

  4. #3
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    What goes around, comes around.

    LeoVegas has fcked over a LOT of affiliates by terminating accounts and keeping commissions (ongoing or otherwise).

    They're thieving crooks... Saying they are not involved in insider trading, seem far fetched - authorities don't raid offices for no reason.
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  6. #4
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    Quote Originally Posted by Cash Bonus View Post
    This story reminds me of when Affactive had their offices raided back in 2015 and were arrested.
    AFAIK they were not guilty of insider trading.
    Aside from hacking practically the entire web, they were actively running shake-downs connected with the stock market etc., etc.

    Here's their FBI charge sheet... (Joshu.S.Murl Aaron - also named in charge sheet, was the 'original' WP hacker. He escaped to Russia)

    https://www.fbi.gov/contact-us/field-offices/newyork/news/press-releases/manhattan-u.s.-attorney-announces-charges-against-three-defendants-in-multimillion-dollar-stock-manipulation-scheme

    Last edited by AussieDave; 7 June 2022 at 10:02 pm.
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    Compliance: a code word for control

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    Do the right thing, even when no one is looking. It's called integrity.
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  8. #5
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    Quote Originally Posted by AussieDave View Post
    What goes around, comes around.
    Yes, absolutely, AussieDave. I too strongly believe in karma. It's very disgusting how many rogue programs are getting away with stealing and closing down affiliate accounts. There's nothing fair in this crazy world.

  9. #6
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    Wow that's sounds like a scene from an action movie!..

  10. #7
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    42%... wow! Didn't know they were that unreliable. Thanks

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