Feras Antoon and his brother caught up in insider trading scheme
 

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This is translated from

Un stratagème Ã* grande échelle - La Presse+

Among the businessmen that the Autorité des marchés financiers (AMF) in his sights included Feras Antoon Antoon and Mark Wael, who run from Montreal one of the largest networks of porn sites in the world.

Feras Antoon co-owns the company with David MindGeek Tassillo. Feras's brother, Mark, is one of the vice presidents.

MindGeek took control in 2012 of the company Manwin, which operates Pornhub and YouPorn site, among others. The previous owner, Fabian Thylmann, was arrested in Belgium in a tax fraud case.

In addition to Montreal, MindGeek a sprawling network that runs from Luxembourg to Florida, via Ireland, Cyprus, Germany, the UK and Romania. Its turnover exceeds 100 million per year.

Their Montreal office is located at 7777 Decarie Boulevard, near the rue Ferrier.

The AMF has blocked bank accounts and brokerage accounts Antoon two brothers under investigation for insider trading involving the CEO of Amaya, David Baazov. Feras Antoon had profits of $ 83,429 with the transactions in question. Reached by telephone, Mark Antoon would not comment on the case, saying her lawyer.

Good.


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This is such a dumb mistake if it's true. There is no shortage of people waiting for him to slip up and be taken down. Outside of mind geek he has to lead a squeaky clean life or he will be brought down.

Esp for 80k

is this manwin asshole?

The CBC was covering this yesterday. They didn't mention MindGeek, just PokerStars.
Amaya CEO David Baazov facing insider trading charges - Montreal - CBC News

Or maybe this is a totally different story? Now I'm confused.

Same story Feras and his brother both had accounts frozen. Theres more on my site, I tend to keep it short here

eh - whatever

There are 13 people and only some press reports all them, including Feras Antoon.
What it looks silly there is 13 people doing $1.5m in 5 years is so small amount per person per year like $25k per year, it seems so small to be worth a risky fraud for millionaires, unsure if this will hold in court.

How Amaya CEO David Baazov went from high school dropout to running the worldâ??s biggest online poker room | Financial Post

The AMF says it has executed search warrants and obtained cease trade orders for 13 individuals, who allegedly traded in different securities while in possession of privileged information.

They include David?s older brother Josh Baazov, Sun Life insurance dealer and mutual fund broker John Chatzidakis and Feras Antoon, CEO of the Internet pornography giant MindGeek.

In all, they are alleged to have made a combined profit of close to $1.5 million between 2011 and 2016.


Amaya Gaming CEO David Baazov Is Charged with Insider Trading

AMF Suspends 13 Traders

The AMF originally released a 3-person list of people involved in their investigation: David Baazov, Yoel Altman, and Benjamin Ahdoot. According to media sources, Benjamin Ahdoot is a childhood friend of David Baazov?s.

Subsequently, a large list of people whose trading privileges have been suspended for the time being.

The list of thirteen people is: Josh Baazov (brother of David Baazov), Mark Wael Antoon, Craig Levett, Earl Levett, Karl Fallenbaum, Nahtalie Bensmihan, Alain Anawati, Mona Kassfy, Eleni Psicharis, Feras Antoon, Isam Mansour, Allie Mansour, and John Chatzidakis. It can be assumed that these people were investigated, though not all of them are likely to be charged.