To my knowledge, the government has not put a number on the amount of money the defendants or others made through alleged insider trading. I have read that Noah Freeman, one of the hedge fund managers who pleaded guilty to conspiracy and fraud charges in connection with this case, said that he and his friends made millions of dollars from the tips and that he personally made as much as $5 million in one quarter from the tips.
The question I have for everyone reading is this: Are these cases brought by the government likely to change anything? Several people have been busted for their involvement, but if you look at the time and expense invested by the government (wire tapping phones, months of survelliance, etc.), I'm sure they have to pick their spots. I wonder if people involved in this type of thing will get the message.
It is not known from the above article what was the amount of the security fraud and wire fraud, but in today's world most of the persons involved in the securities will be getting benefited by one or another way, nevertheless the amount strictly matters in this case.
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