Sunday, December 09, 2007

Insider trading, from inside a magazine
printing plant

According to Reuters, a young worker at a printing plant in Wisconsin that produced Business Week magazine, apparently used his privileged previews of the weekly issues to indulge in insider trading that netted more than $6.7 million. Juan Renteria, 22, who worked at a Wisconsin printing plant, pleaded guilty to conspiracy and insider trading charges during a hearing before Magistrate Judge Frank Maas in U.S. District Court in Manhattan.

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