insider trading

“If you had that document with that exact verbiage issued by a CEO of a publicly traded company, they would be charged with fraud in two seconds. That is insider trading.”

Stewart may be worth $400 million now, but her conviction on charges related to an insider trading scandal lost her more than an estimated billion dollars.

In March 2004, Stewart was found guilty of conspiracy, obstruction and two counts of lying to federal investigators in connection with an insider trading scheme.

Ivan F. Boesky, the brash financier who came to symbolize Wall Street greed as a central figure of the 1980s insider trading scandals, and who went to prison for his misdeeds, died on Monday.

In 2007, a Canadian judge ruled that Felderhof had been unaware of the swindle and found him not guilty of insider trading.