Since being released on a $4 million bail, Bauer has spoken at numerous business schools about the consequences of insider trading. “I really want to prevent you from committing my crime, insider trading, or really any crime in general,” Bauer said in the short prepared speech that began the conference. “There are catastrophic consequences which nobody believes is going to happen to them.” Bauer said that insider trading is common in the field of business, and he wants to ensure that today’s students do not engage in it, for their and others’ sake.
via Insider trader tells students his story – The Tartan Online.
I would have liked to hear what he considered to be the “catastrophic consequences” of his actions. Ask someone who lost a significant portion of his savings if he thinks that not having access to a phone is catastrophic.