Wednesday, May 11, 2016

78-year-old real estate developer gets two years in prison for insider trading

It’s the kind of thing you see in a movie, but not the kind of thing you expect to actually happen in real life. A Boston-area real estate developer will spend the next two years in federal prison after being convicted of insider trading after he profited $300,000 by using a stock tip passed to him on a napkin about a bank acquisition.

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