Lawyer charged with insider trading

Quote from olias:

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
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who knows, maybe the same data mining the hft scum use can out insiders like this as well.


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Quote from Pekelo:


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....
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Been some guy at the NY tracks betting 10k early on heavy faves, maybe it was them trying to launder.

Now they can launder cellmate bubah's undies
 
Vindicates my theory that we can consistently make profits via stock markets only with Insider Trading.
And call it 'Research' to escape from prosecution.
 
Quote from Pekelo:

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

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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....
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Problem is going to Atlantic city carrying 175K in cash, you risk getting jailed at the airport
 
The trader made $30mm, the lawyer made $500k, and the middleman made $800k. The lawyer, who had the most to lose, made about $40k/year from this scheme, and even less than the bagman.

What are the chances the lawyer had NO IDEA what the trader was making from the scheme?
 
Quote from Daal:

Problem is going to Atlantic city carrying 175K in cash, you risk getting jailed at the airport
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You never heard of driving???
 
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