insider trading

All the focus is rightly centered on Bernie Madoff's insane $50 billion Ponzi scheme these days, but there is another lower profile insider trading case you may not have heard about.

It all surrounds former Playboy playmate and cover-model (August '94) Maria Checa and her aptly named "Playmate Capital LLC" account.

1440 WallStree.com has the full story with SEC details: http://www.1440wallstreet.com/index.php/site/comments/sec_busts_the_gold...

First Madoff, now we can't even trust Playmates with our money? What is the world coming to?

The Mark Cuban fallout has begun. The cool part about being a public figure/NBA owner being charged with insider trading? You can defend yourself via blog postings!

Seems to be a trend today. It doesn't come as much of a shock that the flamboyant Mavericks owner likes to color outside the lines. With any luck, Martha Stewart's old cell is still decorated and ready for Marky Mark.

http://www.msnbc.msn.com/id/27768940/

Alright, this happened during my move overseas, so my apologies for it being a couple weeks ex post facto. It was just too delicious to ignore.

In a case of what may be the worst timing in history, Mitchel Guttenberg was sentenced to 6 1/2 years in the federal pen for insider trading on November 3, and an angry mob lined up around the block waiting to cock punch this highball on his way out.

http://www.nydailynews.com/news/ny_crime/2008/11/03/2008-11-03_wall_st_s...

Yesterday, Gary Lynch, Morgan Stanley's Chief Legal Officer, sent a sternly worded letter to the MS staff warning them not to ever again leak confidential information about the firm's plans to anyone ever. Especially not those psycho business bloggers and media-types. Guess what, within a matter of hours, that same letter was popping up on sites across the Atlantic like British financial site, Here Is The City.

I particularly enjoyed this little paragraph here: