Daily Archives: July 10, 2019, 3:48 pm

SEC Charges Accountant and Friend in $6.2 Million Insider Trading Scheme

The SEC’s complaint, filed in federal court in Manhattan, alleges that Martha Patricia Bustos, formerly an accountant at Illumina Inc. and a certified public accountant, and her close friend Donald Blakstad engaged in a scheme to trade in advance of Illumina’s release of confidential revenue information.  In exchange for extravagant gifts, Bustos allegedly tipped Blakstad in advance of four quarterly…

Read More