Thursday, June 16, 2011

Goffer, Goffer and Kimmelman Convicted of Trading on Insider Information!

Another big win for the Federal Prosecutors on "insider trading charges ". After more than 5 days of deliberations, the 2 Goffers and Mr. Kimmelman were found guilty by the jury. The Government Investigation yielded 21 guilty pleas, 4 convictions with one individual still at large.
Quite a scorecard for the US Attorneys!
Will it deter future similar conduct? Your thoughts?

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