Top 10 Articles
SEC's Temptation And Spousal Betrayal.
Jul 24, 2010
Back in May, I wrote about the Pequot Capital Management "insider trading" case: "Imagine a person so utterly lacking in ordinary human feelings that he would pay one million dollar’s to man’s wife for handing over corporate information found on the fellow’s home computer. Would that not be the lowest act of insider trading imaginable? Would that not be the ultimate in despicable greed? Well, no, actually. That would be your high-minded, greed-fighting SEC at work." Back in May, the payment was still speculation. Now, it is fact. Karen Kaiser has been awarded a million dollars for betraying to the SEC her former husband's involvement in the Pequot case.. According to the SEC, "The $1 million award is a record for a whistle-blower who provided information in connection with an insider trading case."