August 18, 1997 |
Financier George Soros said he will donate $1 million to buy clean hypodermic needles for drug addicts nationwide who risk contracting AIDS. Soros challenged government leaders to "respect the scientific evidence" that needle exchange programs curb the spread of HIV, the virus that causes AIDS. Critics say the programs encourage drug use. Soros told the New York Times in an interview that he does not support legalizing drugs.
April 24, 1998 |
International financier George Soros said he will donate $1 million to needle exchange programs in the U.S., picking up the slack after the federal government refused to provide any funds. The Clinton administration announced this week it will not grant any federal funds for needle exchange programs, even though it endorses the programs as preventing the spread of HIV without encouraging drug use.
CALIFORNIA | LOCAL
May 12, 2009 |
National political activist George Soros has agreed to pay $8,000 in fines to California's ethics watchdog agency for failing to properly disclose $500,000 in contributions he made to support a state ballot measure that would have curtailed the use of three-strikes sentencing laws against criminals. Soros, a resident of New York, made the contributions to the nonprofit Drug Policy Action Network, which used the funds to support Proposition 66 on California's 2004 ballot. Voters defeated the ballot measure, which would have sharply restricted the three-strikes law. -- Patrick McGreevy
December 14, 1993
An investment group including international money manager George Soros raised its stake in Tarzana-based Unilab Corp. to 8.63% of the lab-testing company. The investment group, led by Dallas-based GHS Management Inc., bought 146,000 Unilab shares between May 8 and Nov. 29, bringing its holdings to 2.71 million shares, according to a filing with the Securities and Exchange Commission. Previously, GHS held 2.57 million Unilab shares.
March 25, 2005 |
Billionaire investor George Soros failed to erase the only legal blemish on a long financial career when a French appeals court upheld his 3-year-old conviction for insider trading. The Paris Court of Appeal maintained the guilty verdict and the $2.9-million fine handed down by a lower court -- the same amount that Soros made buying and selling Societe Generale shares in 1988 after receiving information about a planned corporate raid on the bank.
December 21, 2002 |
A French court convicted George Soros of insider trading in a 1980s stock deal and fined him $2.2 million. The American billionaire investor and philanthropist said he was "astounded and dismayed" by the ruling. The fine was the amount Soros was accused of having made from buying stocks at French bank Societe Generale with insider knowledge 14 years ago. Soros, the 72-year-old president of Soros Fund Management, said he would appeal "to the highest level necessary."
February 4, 1997
Billionaire George Soros and his investment group raised their stake in Pasadena-based EarthLink Network Inc. to 15.48% from about 9% of common shares outstanding. They bought 539,000 shares on Jan. 22 at $13 each, or about $7 million, according to the Securities and Exchange Commission. The Internet service provider sold 2 million shares in an initial public offering Jan. 22 at $13 each. Soros' group, Quantum Industrial Partners, held 9% before the IPO.
May 18, 1999 |
* Soros Fund Management, the investment advisory business established by billionaire George Soros, reported that the public portion of its stock portfolio held fewer technology shares as the first quarter ended. Previous stakes in companies such as IBM, Sun Microsystems and Advanced Micro Devices were not included in the public portfolio on March 31, according to a Form 13F filed Monday with the Securities and Exchange Commission.