insider trading

Convicted Insider Trader Earned Over Quarter Billion Dollars Using Alzheimer Drug Secrets

Convicted Insider Trader Earned Over Quarter Billion Dollars Using Alzheimer Drug Secrets
Matthew Martoma, convicted of insider trading, used secrets he culled from doctors about an experimental Alzheimer's drug to earn more than a quarter billion (yes, that's a 'b') in illegal trades. He was a portfolio manager for the very wealthy Stephen A. Cohen, who may have also been involved in the scam.
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New Reports Show Economists Paid by Very Industry They're Supposed to Objectively Analyze

New Reports Show Economists Paid by Very Industry They're Supposed to Objectively Analyze
Have you ever wondered why an economist would say that giving tax cuts to the rich makes the economy better? Or why they say that getting rid of unions is good for the economy? It turns out that many of the industry's experts are paid quite handsomely — by the very industry that they're supposed to be analyzing without bias.
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Shark Tank Jumping: Mark Cuban Insider Trading Lawsuit Continues in Federal Court

Shark Tank Jumping:  Mark Cuban Insider Trading Lawsuit Continues in Federal Court
The insider-trading lawsuit against Mark Cuban will continue after a federal judge turned down the billionaire Dallas Mavericks owner's attempt to dismiss the government's case as unproven. U.S. District Court Judge Sidney Fitzwater's ruling late Monday means that the case is likely to be decided by a jury of seven women and three men who heard Cuban testify for two days.
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David Koenig
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Qualcomm Exec Indicted on Insider Trading Charges, Illegally Made $250k in Profits

Qualcomm Exec Indicted on Insider Trading Charges, Illegally Made $250k in Profits
A former senior executive at Qualcomm Inc. made nearly $250,000 in illegal profits from using inside information to buy stock in the wireless technology company and an acquisition target before major public announcements, according to an indictment unsealed Monday. Jing Wang was charged with insider trading, money laundering, conspiracy, obstruction of official proceedings and aggravated identity theft. He voluntarily surrendered at FBI offices Monday and pleaded not guilty at an initial court appearance.
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Elliot Spagat
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KPMG Senior Partner Caught for Insider Trading

KPMG Senior Partner Caught for Insider Trading
KPMG, the fourth biggest accounting firm in the world, has announced that it has fired Scott London, one of its top partners. New reports indicate that London was let go for providing insider information on two companies – Herbalife and Skechers.
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