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To: Techplayer who wrote (5611)8/22/1999 1:27:00 AM
From: Questerr  Read Replies (3) | Respond to of 8858
 
If A@P knew of an upcoming raid, or someone in law enforcement kindly tipped him off regarding the pending SNMM investigation, and he profited from it after the fact (by selling shares short) - then without question he broke the law. At a minimum he would have to disgorge profits, and possibly face stiff penalties. It is illegal to profit or even attempt to profit, from material non-public information obtained from inside the company or an outside enforcement body (police included). I suspect from the tone of his posts going back to July, he had more than casual information - or what he referred to this weekend - "made an educated decision". Phone records can be seized and can offer quite the preponderance of evidence.