Thirty charged in global law firm insider trading case
US officials charged 30 people in an insider trading scheme using stolen law firm data. The group allegedly earned tens of millions in illicit trading profits.
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Federal prosecutors in the United States charged 30 individuals for orchestrating a global insider trading network that generated tens of millions of dollars in illicit profits. The scheme involved corporate lawyers and financial professionals who allegedly stole merger information from elite law firms over a decade. Authorities arrested 19 people, with two additional defendants in Russia and Israel remaining at large.
