Tag: kickback
Amaya CEO Got Kickbacks for Inside Information
September 16, 2016
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…