Another day, another insider trading case.
Today it’s two former brokers in Denver and Baltimore, who allegedly traded on inside information regarding an IBM Corp. acquisition. Click here to read the detail from Bloomberg.
Once again, emails intercepted by law enforcement authorities could prove deadly for defense lawyers. Here are a few prosecutors cite:
“We need spss to run up i need that lexus.”
“don’t tell anyone else..we gotta keep this in the family.”
“Dude, no way. I don’t want to go to jail…that Martha Stewart spent 5 months in the slammer.”
Ms. Stewart is mighty handy with a glue gun, but it’s best not to bring up her name in emails when trading any stock. And a Lexus? Is that what this is all about? Is it worth it to risk all this aggravation for an upscale Toyota?