Two Accused of Running Insider Trading Scheme
The Record, Bergen County, NJ › April 07, 2011
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Summary
Two men were arrested Wednesday on securities-fraud charges after an investigation revealed an insider-trading scheme that netted more than $32 million in illegal profits, authorities said.
Beginning in 1994, Garret D. Bauer, 43, of New York City and Matthew H. Kluger, 50, of Oakton, Va., exchanged non-public information related to a string of corporate mergers and acquisitions, authorities said.See the full content of this document
Extract
Two Accused of Running Insider Trading Scheme
In each case, the men bought hundreds of thousands of dollars in shares in each company before cashing out the shares after...
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