3 ms·

I know at least once case where the insider (a famous Ohio State professor) didn't profit, but his friends and relatives made $1M on his tip. He still got 5 yea

• downandout 10y ago
  He and his friends probably took plea agreements. There is nothing that says the feds can't pursue bad cases, and if you don't take it to trial, then you go to prison. But according to the most recent rulings, there are only very limited circumstances where someone can be convicted on insider trading.
  • gherkin0 10y ago
    > There is nothing that says the feds can't pursue bad cases It's unfortunate that there isn't something that says that.