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Strategies & Market Trends : The Thread Formerly Known as No Rest For The Wicked -- Ignore unavailable to you. Want to Upgrade?

To: slave who wrote (62185)	9/23/1999 2:24:00 PM
From: R.E.B.	Read Replies (1) \| Respond to of 90042

Remember it's the trading on the insider information that makes it an offense. The SEC catches only a small percentage because most people do not have the resources to make a half a milsky on a single stock in a month..... If you have access to bloomberg there's a real good article called "How the SEC Tracks Fraud", October, 1996, Volume 5, Number 10. Lead story, SEC sleuths, three part story - featuring Susan Keary, secretary to Hilton Hotels Corp. board member Benjamin Lambert. She sees a memo on Ben's desk and on a hot date "accidently" tells her date, who tells his friend who then buys $400,000 worth of call options and $10,000 (on margin) worth of stock of Hilton Hotels three days before they announce that they are looking for a buyer.... the stock goes up $10. It's a great story and I will fax it to anyone who posts a fax number to me as a PM. You gotta be careful out there.