Former congressman is convicted of insider trading before T-Mobile merger with Sprint

  • 📰 NBCNews
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 86%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Former U.S. Congressman Stephen Buyer has been convicted by a New York jury of trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc. ahead of its $23 billion merger with Sprint.

Former U.S. Congressman Stephen Buyer was convicted by a New York jury on Friday of trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc. ahead of its $23 billionBuyer was a Republican from Indiana in the U.S. House of Representatives between 1993 and 2011 before working as a corporate consultant.

Buyer took the stand at trial and denied trading on inside information. His attorney did not immediately return a request for comment on Friday. Buyer made more than $100,000 from the Sprint trades and more than $200,000 on stock in Navigant Consulting Inc., which he purchased before Guidehouse acquired the company in 2019, according to prosecutors.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in MY
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

You'd expect more savvy from a nine-term congressman. He left Congress then went into the private sector where he did his insider-trading. There's really never any way to explain away how you get privileged information, legally, to make these trades and then profits.

T-Mobile on my xfinity domain while they stole more +government services/networks/$ from my OMB*SC66🇺🇸🌎TaxAccts StolenRevenue TaxAbuse fraud illegal Manipulation StatutoryAuthority_Suspects + PaperworkReductionActBurdenPay SUSPECTS. STEAL from C4281362

中共又灌臭气恶心本人,中国人支那猪真它妈的低贱人种! 才会有中国共产党邪恶反人类政权!

GOP party of fraudsters, criminals and traitors. GOPFraudstersTraitors

Oh look GOP Another one of your indicted.

He’s a REPUBLICAN

Googles Stephen Buyer... Yep. Republican.

Your tweet has been Juste-ified! Ex-Congressman Stephen Buyer has been found guilty by a New York jury of insider trading. The information he used was obtained in 2018 when he was a consultant for T-Mobile US Inc. just before it merged with Sprint for $23 billion.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ex-US congressman convicted of insider trading before T-Mobile mergerFormer U.S. Congressman Stephen Buyer was convicted by a New York jury on Friday of trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc (TMUS.O) ahead of its $23 billion merger with Sprint. Corrupt politician?! Shocker What about Nancy? I didn’t even have to read it to find out which party he belonged to.
Source: Reuters - 🏆 2. / 97 Read more »