Former Congressman Stephen Buyer criminally profited from his access to power and confidential information, a federal prosecutor told jurors in the first of a batch of New York insider trading cases to reach trial.
“You can make a lot of money in the stock market if you know what is going to happen before it happens,” Assistant US Attorney Margaret Graham told the jury during opening statements in Buyer’s trial on Wednesday. “He abused that trust and used his clients’ information to trade in the stock market not once but twice.”
Source: Former Indiana Congressman Goes on Trial for Insider Trading – Bloomberg
