Amaya Inc. refutes connections to reports of Hells Angels insider trading
Phil Carpenter/Montreal GazetteSalvatore Cazzetta, right, alleged leader of the Hells Angels in Quebec, leaves a Longueuil courthouse south of Montreal, with his lawyer, Thursday November 20, 2014.
MONTREAL — Amaya Inc. is denying any knowledge of or connection to reports that an alleged biker gang boss bought stock in the company ahead of its purchase of the world’s largest online poker room.
Montreal’s La Presse newspaper is reporting that police have their sights on Amaya because Salvatore Cazzetta, one of the alleged leaders of the Hells Angels in Quebec, purchased $10,000 in Amaya stock just before the company bought internet giant PokerStars last June for $4.9 billion.
In the lead-up to the deal, Amaya’s stock price doubled to more than $14 a share. It would eventually climb past $38 a share.
Amaya said Tuesday the first and only time the company learned of the investment from Cazzetta was when questioned by La Presse.
“We have no knowledge or connection to the individual or the organization mentioned in the La Presse article,” said Eric Hollreiser, head of corporate communications at Amaya.
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