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NEWS
January 5, 1996 | MICHAEL A. HILTZIK and THOMAS S. MULLIGAN, TIMES STAFF WRITERS
For sheer brashness, it's hard to top what investment broker S. Jay Goldinger did the day his horse Putting won the seventh race at Hollywood Park. Invited into the winner's circle for a celebratory photograph, Goldinger arrived bearing a "for sale" sign to hang on the horse--earning him a dressing-down from track stewards. But Goldinger was never one to let conventional notions of decorum or prudence cramp his style.
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BUSINESS
July 28, 2001 | WALTER HAMILTON, TIMES STAFF WRITER
Thirteen clients of former Beverly Hills investment guru S. Jay Goldinger have been awarded $43.1 million in a marathon arbitration battle against Goldinger and the Chicago brokerage firm that handled his trades. Goldinger, brokerage Refco Inc. and a former Refco broker were ordered by a National Futures Assn. arbitration panel to reimburse customers who lost money investing with Goldinger's once-highflying Capital Insight Brokerage Inc.
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BUSINESS
January 25, 1996 | GREG MILLER, TIMES STAFF WRITER
PairGain Technologies Inc. has filed a lawsuit accusing money manager S. Jay Goldinger of making unauthorized trades that cost the company $15.8 million, concealing his moves with phony financial statements and churning the account to run up a huge commission tab.
BUSINESS
November 9, 1999 | JEFF LEEDS, TIMES STAFF WRITER
A federal grand jury has indicted former investment broker S. Jay Goldinger on four counts of wire fraud in connection with an alleged scheme to use clients' funds to cover his trading losses in 1994 and 1995, U.S. officials said Monday.
BUSINESS
July 28, 2001 | WALTER HAMILTON, TIMES STAFF WRITER
Thirteen clients of former Beverly Hills investment guru S. Jay Goldinger have been awarded $43.1 million in a marathon arbitration battle against Goldinger and the Chicago brokerage firm that handled his trades. Goldinger, brokerage Refco Inc. and a former Refco broker were ordered by a National Futures Assn. arbitration panel to reimburse customers who lost money investing with Goldinger's once-highflying Capital Insight Brokerage Inc.
BUSINESS
January 6, 1996 | Times Staff and Wire Reports
Futures Regulators Suspend Goldinger: S. Jay Goldinger and his shuttered Beverly Hills investment firm, Capital Insight, have been suspended by the National Futures Assn., a self-regulatory body of the commodities industry. The NFA's move means neither he nor the firm can legally trade futures or options. The association said it took the step after Goldinger refused to meet with two NFA agents who visited his firm in late December to investigate a client's complaint of substantial losses.
BUSINESS
November 9, 1999 | JEFF LEEDS, TIMES STAFF WRITER
A federal grand jury has indicted former investment broker S. Jay Goldinger on four counts of wire fraud in connection with an alleged scheme to use clients' funds to cover his trading losses in 1994 and 1995, U.S. officials said Monday.
BUSINESS
December 30, 1995 | MICHAEL A. HILTZIK and THOMAS S. MULLIGAN, TIMES STAFF WRITERS
A lawyer for the Chicago firm that handled commodity trades for Beverly Hills financier S. Jay Goldinger said Friday that the firm mailed Goldinger's clients detailed disclosures of his futures and options trades on their behalf. The assertion seems to undermine claims by two corporations that they lost millions of dollars from belatedly discovered unauthorized trades by Goldinger in their accounts. The Chicago firm is Refco Inc.
BUSINESS
December 28, 1995 | MICHAEL A. HILTZIK, TIMES STAFF WRITER
Reeling from what appears to have been an ill-advised bet on the direction of interest rates, prominent Beverly Hills money manager S. Jay Goldinger has shut down his investment consulting firm and liquidated the accounts of his clients amid losses of at least $36 million, sources said Wednesday. Goldinger's firm, Capital Insight Inc., was at the heart of disclosures this month by two publicly traded companies, Fort Worth-based Pier 1 Imports and Tustin-based PairGain Technologies Inc.
BUSINESS
February 14, 1996 | Times Staff and Wire Reports
Pier 1 Sues Goldinger, Brokerage: The lawsuit accuses money manager Jay Goldinger and his firm of poor investments in which the Fort Worth-based company eventually lost $19.3 million. Pier 1 Imports alleged in the suit that Goldinger had a "twisted variation of a Ponzi scheme" in which he shifted funds from clients' accounts to hide huge losses from trading in speculative futures. Last week the company fired its chief financial officer, Robert G.
BUSINESS
May 25, 1999 | From Times Wire Services
Refco Inc., a global futures brokerage, will pay $8 million to settle allegations its lax procedures let Beverly Hills money manager S. Jay Goldinger juggle customers' profits and losses. Refco, without admitting wrongdoing, agreed to pay $6 million to the Commodity Futures Trading Commission, one of the largest penalties ever assessed by the agency, and $1 million to fund an industry study of how brokers receive and record customer orders.
BUSINESS
February 14, 1996 | Times Staff and Wire Reports
Pier 1 Sues Goldinger, Brokerage: The lawsuit accuses money manager Jay Goldinger and his firm of poor investments in which the Fort Worth-based company eventually lost $19.3 million. Pier 1 Imports alleged in the suit that Goldinger had a "twisted variation of a Ponzi scheme" in which he shifted funds from clients' accounts to hide huge losses from trading in speculative futures. Last week the company fired its chief financial officer, Robert G.
BUSINESS
January 25, 1996 | GREG MILLER, TIMES STAFF WRITER
PairGain Technologies Inc. has filed a lawsuit accusing money manager S. Jay Goldinger of making unauthorized trades that cost the company $15.8 million, concealing his moves with phony financial statements and churning the account to run up a huge commission tab.
BUSINESS
January 6, 1996 | Times Staff and Wire Reports
Futures Regulators Suspend Goldinger: S. Jay Goldinger and his shuttered Beverly Hills investment firm, Capital Insight, have been suspended by the National Futures Assn., a self-regulatory body of the commodities industry. The NFA's move means neither he nor the firm can legally trade futures or options. The association said it took the step after Goldinger refused to meet with two NFA agents who visited his firm in late December to investigate a client's complaint of substantial losses.
NEWS
January 5, 1996 | MICHAEL A. HILTZIK and THOMAS S. MULLIGAN, TIMES STAFF WRITERS
For sheer brashness, it's hard to top what investment broker S. Jay Goldinger did the day his horse Putting won the seventh race at Hollywood Park. Invited into the winner's circle for a celebratory photograph, Goldinger arrived bearing a "for sale" sign to hang on the horse--earning him a dressing-down from track stewards. But Goldinger was never one to let conventional notions of decorum or prudence cramp his style.
BUSINESS
December 30, 1995 | MICHAEL A. HILTZIK and THOMAS S. MULLIGAN, TIMES STAFF WRITERS
A lawyer for the Chicago firm that handled commodity trades for Beverly Hills financier S. Jay Goldinger said Friday that the firm mailed Goldinger's clients detailed disclosures of his futures and options trades on their behalf. The assertion seems to undermine claims by two corporations that they lost millions of dollars from belatedly discovered unauthorized trades by Goldinger in their accounts. The Chicago firm is Refco Inc.
BUSINESS
May 25, 1999 | From Times Wire Services
Refco Inc., a global futures brokerage, will pay $8 million to settle allegations its lax procedures let Beverly Hills money manager S. Jay Goldinger juggle customers' profits and losses. Refco, without admitting wrongdoing, agreed to pay $6 million to the Commodity Futures Trading Commission, one of the largest penalties ever assessed by the agency, and $1 million to fund an industry study of how brokers receive and record customer orders.
BUSINESS
September 3, 1999 | Bloomberg News
PairGain Technologies Inc. said it has agreed to plead guilty to improper accounting and will pay a $1.4-million penalty related to 1995 investments with a Beverly Hills money management firm. As a result of the faulty accounting, PairGain's books did not accurately reflect the value of its investments with S. Jay Goldinger and his firm, Capital Insight Inc. The money management team lost about $100 million of client funds, including $15.
BUSINESS
December 28, 1995 | MICHAEL A. HILTZIK, TIMES STAFF WRITER
Reeling from what appears to have been an ill-advised bet on the direction of interest rates, prominent Beverly Hills money manager S. Jay Goldinger has shut down his investment consulting firm and liquidated the accounts of his clients amid losses of at least $36 million, sources said Wednesday. Goldinger's firm, Capital Insight Inc., was at the heart of disclosures this month by two publicly traded companies, Fort Worth-based Pier 1 Imports and Tustin-based PairGain Technologies Inc.
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