{"id":1179,"date":"2016-09-19T12:06:48","date_gmt":"2016-09-19T12:06:48","guid":{"rendered":"https:\/\/www.top10pokersites.net\/?p=1179"},"modified":"2016-09-19T12:06:48","modified_gmt":"2016-09-19T12:06:48","slug":"former-amaya-ceo-david-baazov-reiterates-his-innocence","status":"publish","type":"post","link":"https:\/\/www.top10pokersites.net\/news\/former-amaya-ceo-david-baazov-reiterates-his-innocence","title":{"rendered":"Former Amaya CEO David Baazov Reiterates His Innocence"},"content":{"rendered":"
The erstwhile CEO of Amaya Gaming David Baazov<\/a> has again asserted his innocence with respect to the insider trading charges filed against him by the Quebecian securities regulator Autorit\u00e9 des March\u00e9s Financiers (AMF)<\/strong> after an investigator admitted that there was no direct proof that Baazov was passing on confidential information to others. <\/p>\n Baazov was charged earlier this year of leaking privileged company information related to several of Amaya Inc\u2019s mergers to his brother Josh Baazov<\/strong> and another individual named Craig Levett<\/strong>. He has strongly denied the allegations. Amaya Inc, is the parent company of PokerStars<\/a>, the biggest online poker website in the world.<\/p>\n Xavier Saint-Pierre<\/strong>, an AMF investigator admitted that there was only circumstantial evidence that Baazov had passed on confidential information regarding three of the seven deals under AMF\u2019s scrutiny. He revealed this under cross examination by Baazov\u2019s lawyer Sophie Melchers<\/strong> of Norton Rose Fulbright<\/a> as part of court proceedings involving the review of the cease-trade orders issued to those accused in the case.<\/p>\n In a statement Baazov said, <\/p>\n Today was the first step in setting the record straight. I would like to reiterate that I did not receive any money, gifts or anything for that matter as it relates to the trading by any of these people in any securities. I look forward to being exonerated and putting this behind me<\/p><\/blockquote>\n Court proceedings are revealing for the first time the nature of evidence against Baazov. It highlights the difficulties faced by regulators worldwide to provide definitive evidence of malpractice in cases related to insider trading.<\/p>\n