Posted 9/28/2023, 2:12:56 PM

SEC Charges Ex-Analyst and 3 Others With $400K+ in Illicit Profits From Insider Trading Scheme

SEC charges former financial analyst Anthony Viggiano and 3 others with insider trading
Viggiano allegedly tipped friend Christopher Salamone about pending M&A deals using confidential info from his work
Salamone made $322K trading on tips, agreed to share proceeds with Viggiano
Viggiano also tipped college friends Stephen A. Forlano and Nathan Bleckley, who made over $100K combined trading on tips
SEC detected suspicious trading patterns using data analysis tools

sec.gov

Relevant topic timeline:

7/26/2023

British billionaire Joe Lewis charged in U.S. over 'brazen insider trading scheme'

Main Topic: British billionaire Joe Lewis charged with involvement in insider trading in the U.S. Key Points: 1. Joe Lewis, owner of Tottenham Hotspur soccer team, has been charged with insider trading. 2. The indictment alleges that Lewis abused his access to corporate boardrooms and provided inside information to his romantic partners, personal assistants, pilots, and friends. 3. Lewis' lawyer denies the charges and states that Lewis is a man of impeccable integrity.

9/29/2023

FBI Busts Goldman Sachs Analyst for Insider Trading Scheme Using Xbox Chat

A former Goldman Sachs analyst and his close friends are accused of insider trading, with the analyst allegedly using an Xbox to pass on tips, resulting in over $400,000 in illegal gains for the group.