Why a purported billionaire would want to risk all of that for insider trades that prosecutors say yielded some $20 million in total gains is a mystery that we assume further evidence will explain.I am interested in seeing how this case unfolds. Based on what we know now, it seems that the potential costs of insider trading far outweighed the potential benefits to this group of individuals. Since this appears to be a group of highly intelligent individuals, you have to wonder what would motivate them to participate in the alleged insider trading ring.
Tuesday, October 20, 2009
Alleged Insider Trading
You may have seen recent reports in the news of an alleged insider trading ring. The WSJ points out that the "prominence of the alleged conspirators" is surprising: