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highs and LOWS in Insider Trading

Posted: Fri Nov 30, 2012 1:16 am
by notorial dissent
The NY USA today said that the FBI had arrested a Colorado lawyer named Thomas C. Conradt and one of his confederates for insider trading. He and another broker name David J. Weishaus had worked at Euro Pacific Capital in Manhattan back in 2009. They and what appears to be three others participated in an insider trading scam with SPSS Inc stock, which was bought out by IBM at the time.

The kicker, Conradt made a whopping $2500 on the deal and may spend 20 years in prison and face up to $5M in fines.

Quite a net on that deal. Who says crime doesn't pay!!

Denver Post article