Former Amaya CEO linked to kickbacks from insider trading, money laundering, alleges Quebec watchdog
09 Sep 2016

Quebec’s securities regulator is showing more of its cards in the case involving David Baazov, the former CEO of online gambling giant Amaya Inc., saying it uncovered a kickback scheme for stock tips on impending takeovers and is investigating related money laundering through a religious organization.

The Autorité des marchés financiers (AMF) says that in June it seized $87,000 in cash from Montreal’s Centre Chabad, suspecting the donations, from ex-Amaya consultant Craig Levett, were profit from insider trading.

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