Exposure: Wall Street 20 years the biggest insider trading case

<P> Wall Street New York Stock Exchange </ P> <P> time in just five years, 13 young white-collar Wall Street insider with the two sources of information, quietly in the stock market earned $ 15,000,000. .</ P> <P> 2007 年 3 month, with the U.S. Securities and Exchange Commission (SEC) and the three companies for 13 prosecution of suspected insider trading, one following the 伊万博斯基 (Ivan Boesky) after the largest insider trading case .beginning to emerge. .</ P> <P> magic one foot </ P> <P> 2001 One day in Central Station in New York underground of the "oyster bar", the 35-year-old 米切尔古登 Berg (Mitchel Guttenberg) and .Friend Eric Franklin (Eric Franklin) knee to knee and talk. .Gudengboge owed Franklin $ 25,000. .However, he does not come up with a way to spend a cent will be able to repay. .</ P> <P> Gudengboge worked at UBS AG (UBS) Equity Research department, who is also executive director and institutional client manager, or UBS Investment Review Committee. .11 am every working day, the Investment Commission to consider the upcoming UBS analyst recommended the stock relegation, issued to investors "buy" "sell," "hold" and so on. .</ P> <P> UBS </ P> <P> and recommended many of the same investment bank, UBS's movements closely watched by investors recommended level, and to a certain extent, affected stock prices. .UBS 80 people inside can see the rating before the meeting recommended information, Gudengboge one of them. .</ P> <P> Franklin is in charge of Bear Stearns (Bear Sterns) the company's a hedge fund. .They agreed, Gudengboge UBS stock rating information will be disclosed in advance to the Franklin, and the latter to operate in the market ahead of trading profits into two, Gudengboge part, will be used to repay Franklin 25000 .dollars. .</ P> <P> between the Gudengboge contact with Franklin is full of "007" color. .</ P> <P> UBS's stock analysts from Gudengboge known to the official release, the middle is only one day; that is, disclose information to the completion of the transaction are only a few hours. .According to SEC and the Justice Department's indictment records, Gudengboge and Franklin specializes in buying a disposable phone, and this also made a set of secret codes, passing messages by sending an SMS to arrange time to meet and pay the fees. .</ P> <P> have inside information, Franklin began his personal account at Bear Stearns, in the hands of hedge funds Lyford Cay account, and using his father's account under the name of profit. .</ P> <P>.