Lawyer charged with insider trading

Pekelo

Pekelo

Best advise for newbies:

Join a lawfirm and get sensitive data from firm's computers, then trade on it.

http://www.washingtonpost.com/busin...trading-scheme/2011/04/06/AFn6n9pC_story.html

Best part:

"Through an unidentified middleman, Kluger passed his tips to a trader in New York, Garrett Bauer, 43, who placed trades that netted about $32 million since 2006 alone, the government alleged.
He also urged the middleman to burn about $175,000 in cash because he was afraid his fingerprints would be found on the money, the government said."

Hell, I would have laundered that money, instead of burning it....
 
Quote from Pekelo:
----He also urged the middleman to burn about $175,000 in cash.....
More...
That will somehow, someway, become dialogue in an upcoming epidsode of Law & Order. :D
 
Quote from Pekelo:

Best advise for newbies:

Join a lawfirm and get sensitive data from firm's computers, then trade on it.

http://www.washingtonpost.com/busin...trading-scheme/2011/04/06/AFn6n9pC_story.html

Best part:

"Through an unidentified middleman, Kluger passed his tips to a trader in New York, Garrett Bauer, 43, who placed trades that netted about $32 million since 2006 alone, the government alleged.
He also urged the middleman to burn about $175,000 in cash because he was afraid his fingerprints would be found on the money, the government said."

Hell, I would have laundered that money, instead of burning it....
More...
keep busting the little guys,banks untouchable
 
I'm kind of impressed they caught these guys at all, especially since they don't even know who the middleman was.

I'm curious to see what kind of punishment they get. Something tells me it won't be nearly harsh enough
 
DISCUSSING WHAT TO DO WITH $175,000 IN CASH THAT HAD
BAUER'S FINGERPRINTS ON IT:

Bauer: "You know what, you know what, if you feel better, burn the money and I'll give it back to you."

Co-conspirator: "Burn it?"

Bauer: "I would burn it in a fire...."

Co-conspirator: "You know something, that - that's foolish."

LATER CONVERSATION ABOUT THE $175,000:

Bauer: "We have to get the fingerprints off that money."

Co-conspirator: "Yeah."

Bauer: "Like you wearing gloves or something and wiping every bill down or something. But it has to be done. Or as, like, you giving it to me and me wiping every bill down or something."

Co-conspirator: "You know something. Somebody did say, 'Why don't you just run it through a dish-, a washing machine?'"

Bauer: "Well, I, I don't know. I mean, I've seen that in the movies but I don't know."

http://www.reuters.com/article/2011...firms-text-idUSTRE7356J820110406?pageNumber=2

---------------------------------------

They could have gone to Atlantic City, get chips for it and play for 1-2 days, making sure that they are around breakeven or small loss, then cash out....
 
shocking
im shocked
this is shocking, really, very shocking

arent you shocked?

mf's multiply this by 1000, you still dont get to # of illegal $ made by insiders.
 
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