Ammo For Sale

« « Mars: Disappointing | Home | Baby Bush » »

But I thought It Was A Perk

From Bloomberg:

A former postal worker traded on information he learned from Business Week magazine as it passed through a postal sorting facility on its way to subscribers and newsstands, according to federal prosecutors.
Charged with conspiracy and securities fraud was Davi Thomas, who worked in the Mount Vernon, N.Y., postal facility.

He’s accused of reaping $154,268 in illegal profits by getting names of companies discussed in the mag’s “Inside Wall Street” column from June 1997 to January 1999, the Securities and Exchange Commission said in a related civil suit.

2 Responses to “But I thought It Was A Perk”

  1. Barry Says:

    Interesting. I would think that the moment it rolls off the presses, not the moment it hits the mailboxes of subscribers, would be the cut-off point for “insider” information.

    This makes no sense to me.

  2. tgirsch Says:

    I would think that if it were “insider” information, Business Week shouldn’t have been allowed to print it in the first place.

Remember, I do this to entertain me, not you.

Uncle Pays the Bills

Find Local
Gun Shops & Shooting Ranges


bisonAd

Categories

Archives