Former congressman among nine charged in insider trading cases

Source: The Hill

“A former U.S. congressman from Indiana, technology company executives and an investment banker were among nine people charged in four separate and unrelated insider trading schemes revealed on Monday with the unsealing of indictments in New York City. … One indictment identified Stephen Buyer as someone who misappropriated secrets he learned as a consultant to make about $350,000 illegally. Buyer, a Republican congressman from 1993 through 2011, served on committees with oversight over the telecommunications industry, the indictment said. Buyer was accused in court papers of engaging in insider trading during a merger of T-Mobile and Sprint, among other deals. Documents said he leveraged his work as a consultant and lobbyist to make illegal profits.” (07/25/22)

https://thehill.com/homenews/ap/ap-u-s-news/ex-us-congressman-among-9-charged-in-insider-trading-cases/