Word: insiderism
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Dates: during 2000-2009
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Phone taps, FBI surveillance, confidential informants - it's the stuff of major mafia investigations and Law & Order reruns. But they're also the tactics used by federal authorities against a slew of dark-suited desk jockeys accused in Wall Street's largest insider-trading scandal in decades. Authorities say billionaire...
It requires only a kindergartner's sense of justice to understand why insider trading is a Wall Street no-no: it's unfair. Simply put, insider trading means buying or selling stocks, bonds or other securities based on significant information that's not available to the general public. Besides creating...
Rome has been silent about Burke's most recent public statements. In late September, O'Malley was named to the Pontifical Council for the Family, a minor and expected appointment, but also a reminder that the Boston Cardinal has friends in high places. "From the point of view of doctrine...
Flores said last week that the race should be very competitive, as the Bowman-Hysen and Hayward-Zhang tickets represent the first time the presidential elections have seen a “completely UC insider double ticket” in recent history.
Prosecutors in Manhattan said they broke up a major insider-trading ring, the largest ever centered in the hedge-fund industry. Raj Rajaratnam, a billionaire co-founder of the Galleon Group, and five others were arrested and charged with earning $20 million off stock trades on the basis of information...