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Ex-Congressman Profited off T-Mobile Insider Info Obtained While Golfing With Exec: SEC

Ex-Congressman Profited off T-Mobile Insider Info Obtained While Golfing With Exec: SEC

2 years ago
Anonymous $RpxJm2pZ1S

https://www.vice.com/en_us/article/z34n7a/ex-congressman-profited-off-t-mobile-insider-info-obtained-while-golfing-with-exec-sec

A former Indiana congressman profited off of inside information he obtained while golfing with an executive at T-Mobile, a company he was lobbying on behalf of in Washington D.C., the SEC said in a complaint filed Monday in federal district court in Manhattan. The alleged insider trading was one of two times the former Republican congressman, Stephen Buyer, illegally benefited from information he obtained through his lobbying activities

He earned $335,000 in illegal profits as a result of the insider trading, according to the complaint.