Insider Trading Mystery Solved.  The Butler Did It

StockJockey's avatar
by StockJockey
Wednesday, September 27, 2006 - 6:59 am

Never mind that he was just a butler. Lord almighty, he could feel his temperature rising when he heard about his boss’s plan to purchase the rights to Elvis Presley’s image.  Trading on that information, he took $600 of his hard earned money and made over $48,000.  A profit of 8,088 percent will put a big smile on anyone’s face.  That is, until the SEC guys show up to wipe it off. 
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The Butler, a Confidence and a Profit of $48,000[NYTimes]

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