Co-founder and former CEO of Amaya, David Baazov, has taken distance from all his positions in the company awaiting the accusations of 'insider trading'.
Baazov already layed low at the end of March when the AMF (Autorité des Marchés Financiers) filed five complaints against Baazov for “aiding with the trades while in possession of privileged information, influencing or attempting to influence the market price of the securities of Amaya Inc., and communicating privileged information.”
David Baazov responded: “These allegations are false and I intend to vigorously contest these accusations. While I am deeply disappointed with the AMF's decision, I am highly confident I will be found innocent of all charges.”
Amaya concluded: “Amaya thanks Mr. Baazov for his contributions to Amaya since its inception and through its rapid growth, and looks forward to Mr. Ashkenazi's continued success in leading the execution of Amaya's strategy.”