David Baazov, former CEO of Montreal online gaming firm Amaya, benefited from a kickback scheme in which he received payments in exchange for sharing privileged information about company acquisitions with friends and their families, Quebec’s securities regulator alleges. 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. “Several sophisticated agreements were negotiated even before the infractions were committed to pay kickbacks to the tipsters,” alleges the document. The document was filed…

David Baazov, the embattled CEO of Canadian online gambling company Amaya Gaming, has pled not guilty to the insider trading charges filed against him in March. On Monday, Quebec securities regulator Autorité des marchés financiers (AMF) confirmed that Baazov (pictured), two other individuals and three companies had formally filed written pleas of ‘not guilty’ to their combined 23 insider trading charges, each of which carries a maximum fine of up to $5m and up to five years in prison. AMF spokesman Sylvain Theberge told the Canadian Press that the guilty pleas had been received over the past couple weeks and…

The CEO of Montreal online gaming company Amaya has been charged after an investigation into insider trading by Quebec’s stock market watchdog. David Baazov faces five charges, including influencing or attempting to influence the market price of the securities of Amaya and communicating privileged information. “These allegations are false and I intend to vigorously contest these accusations,” Baazov said in a statement Wednesday. “While I am deeply disappointed with the (Autorite des marches financiers) decision, I am highly confident I will be found innocent of all charges.” He was charged as part of an investigation by the AMF that resulted…