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Blame China: Wall Street Couple Found Guilty Of Insider Trading
By Paul Midler | December 6, 2007
Earlier today, a Chinese couple that worked on Wall Street was found guilty of insider trading. They cleared a reported $600,000 gain through inside tips. I was sent the news item by someone who reads our website here, and I might not have posted this, except check out their courtroom defense.Their attorney claimed argued that there was a “cultural basis” for their actions - i.e., insider trading is a common practice in China. That could be the opening for every Chinese national living in America who is accused of a crime - just say that China made you do it.
Topics: China |
December 6th, 2007 at 8:35 pm
I think the stocks were tainted with lead paint…