If These Guys Can Do It, Maybe Insider Trading Is Easy
If you're not following the insider trading debacle of Matthew Kluger and Garrett Bauer, well, wow, it's quite a tale. From inside some of Manhattan's whitest-shoe lawfirms to a security brokerage, the duo allegedly used a middle-man to share information. Once their middle-man turned on them, the transcripts of their recorded conversations make it difficult to believe that they enriched themselves for nearly two decades: when they got panicky, they figured they should put their cash payoffs in the washing machine. Or maybe burn it? And then… Well, this headline is a pretty good summary: Accused Insider Traders Argue Over How Much Effort They’ll Exert To Destroy Evidence Like Two Guys Debating Whether It’s Worth Paying the Extra $5 For Getting The Pizza Delivered Rather Than Picking It Up Down The Block. Heh.







Obviously, I have been doing it wrong.
"I can't believe what a bunch of nerds we are. We're looking up 'money laundering' in a dictionary."
"Do you want this to be our undoing?"
What kind of person says this, out loud?
People who think they are supervillains.
Here's a dramatic reading of a recording from an earlier destruction of evidence incident. Very nice product placement for North Face.
http://dealbreaker.com/2011/02/if-youve-ever-wondered-what-donald-longueuil-mightve-sounded-like-on-the-cold-december-night-he-told-a-colleague-how-to-destroy-evidence-of-insider-trading-wonder-no-longer-mp3/
Something something Ten Thousand Maniacs.