The troubles of David Baazov continue.
Less than a month after he resigned from all positions at Amaya, the company he founded and for which he served as CEO, Baazov is staring at a rising tide of evidence that he engaged in insider trading, according to the reporting of Canadian outlet The Globe and Mail.
In what The Globe and Mail called "the biggest insider trading investigation in Canadian history," Baazov allegedly was at the head of a pyramid of kickbacks. According to Quebec securities regulator Autorité des Marchés Financiers (AMF), Baazov used his position as CEO of the company to inform close associates, including brother Josh Baazov, of private, privileged information.