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Showing results for tags 'Benjamin Ahdoot'.
[caption width="640"] Amaya CEO David Baazov is facing insider trading charges[/caption] In the middle of June 2014, Amaya Gaming bought the Rational Group, the parent company of PokerStars and its sister site, Full Tilt Poker, for $4.9 billion. Amaya's stock, which is traded in Toronto under the symbol 'AYA', increased in value by 50% in the days leading up to the transaction, prompting an investigation by Canadian authorities. One day after the acquisition was announced, Amaya's stock went up another 30%. On Wednesday, that investigation came to a head, as the Autorté des Marchés Fina
[caption width="640"] Amaya Chairman and CEO David Baazov has stepped aside - temporarily - to deal with insider trading allegations.[/caption] Just days after being charged with insider trading, David Baazov has taken an indefinite paid leave of absence from his role as Amaya Chair CEO to deal with the allegations. He will remain a member of the board of directors. Last Wednesday, Autorité des Marchés Financiers, the securities regulator in Quebec, announced they had filed 23 charges related to insider trading at Amaya. Five of those charges were levied at Baazov including aiding with