Sprawling Insider-Trading Case Heads to Trial (The Wall Street Journal) The first trial to emerge from a years long investigation into an alleged international insider-trading ring is set to begin next week in Manhattan, a case likely to shed light on a network of high flying securities traders and investment bankers who authorities say were responsible for tens of millions of dollars in illicit profits. The defendant, New York businessman Telemaque Lavidas, is accused of passing inside information about a publicly traded U.S. biotechnology company to a Greek securities trader, Georgios Nikas,…
TENS OF MILLIONS! If I were insider trading, I'd want at least billions to risk being punished. Besides, with billions, I can fight better.