|
|
|
|
|
|
|
Jens 'n' Frens
Idle thoughts of a relatively libertarian Republican in Cambridge, MA, and whomever he invites. Mostly political.
"A strong conviction that something must be done is the parent of many bad measures."
-- Daniel Webster
|
|
|
|
|
|
Thursday, May 27, 2010 :::
Federal authorities alleged Wednesday that a Walt Disney Co. executive assistant and her boyfriend engaged in a ham-handed plot to sell Wall Street traders inside information, first offered in a chirpy missive sent to dozens of investment companies.
"Hi, I have access to Disney's (DIS) quarterly earnings report before its release on 05/03/10," the March 5 letter began. "I am willing to share this information for a fee that we can determine later."
The alleged plan went awry. Instead of taking the bait, "multiple hedge funds reported the illicit scheme," the Securities and Exchange Commission said in a press release. I'm not sure what is the correct way to try to profit from insider information, but putting your illegal plan in writing and mailing it to dozens of strangers is not it.
The story is from today's Wall Street Journal.
::: posted by Steven at 11:56 AM
|
|
|
|
