Skip to comments.FDA Chemist Pleads Guilty to Insider Trading
Posted on 10/19/2011 10:13:33 AM PDT by Rio
A chemist with the Food and Drug Administration pleaded guilty Tuesday to using a confidential drug database to earn nearly $3.8 million by trading the stock of companies with new drug applications.
(Excerpt) Read more at chem.info ...
I don’t know why he should be charged with a crime when congressmen have perfected insider trading for themselves.
“$3.8 Million? Needed to learn to pace himself better.”
‘Sounds to me as though he’s setting himself up for a new czar job opening in husseins administration.
That was over 5 to 6 years. He should have been smart enough to trade from multiple overseas banks / accounts.
He should know that only Goldman Sachs, former Goldman Sachs employees working for the federal government, Senators, Congressmen and their staffs are allowed to profit by trading on inside information.
They exempted themselves from the insider-trading laws.
Its why they leave office so much wealthier than when they entered.
This guy got caught, probably others at FDA, somewhat smarter that use their position for personal gain.
Like I say, there is no more corrupt democracy on this planet than ours - from the top to the janitor.
His perv son is all kinds of stupid.
Involved in millions of dollars of insider trading - and the idiot has child porn on his computer?
Now that is perverted idiotic and disgusting all on its own, but when you realize that any day the feds might be checking on you, your father, and your computer transactions....
If the guy would have just skimmed 10% of his gains to the democrats as a “Bundler”, he’d be on a beach right now sipping pinia coladas next to an old fat black man who is an insider trader from New York, who dabbles in realestate.
Nancy Pelosi’s net worth is up some 2600% since entering office.
Yeah, lets go protest wall street. sheesh.
While I didn’t like his yes vote on TARP, at least Tom Tancredo was honest when he said he was protecting his own financial ass.