Three men arrested in insider-trading scheme
Three men arrested in insider-trading schemeFederal prosecutors arrested three men -- two with ties to Goldman Sachs and one with ties to Merrill Lynch -- in what a U.S. attorney called "one of the most extensive insider trading cases in this district in decades." The elaborate scheme began to unravel as regulators examined some $2 million in options gains by a 63-year-old Croatian seamstress. Neither of the firms are targets of the investigation.
posted by Victor Lloyd Smith @ 5:06 PM
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