American outlaws: The inside story on insider trading

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Circle of friends made $62 million swapping tips on Dell

Jan 30, 2012

Announcement of Dell insider trading case arrests, January 18, 2012

Knowledge may be power, according to 16th century British philosopher Francis Bacon, but these days, information is equity. At least it was for a circle of friends employed as hedge fund portfolio managers and analysts in the United States. The seven buddies are on trial for swapping “inside information” about Dell (NSQ: DELL) and other technology companies. One of these tips generated $57 million – potentially the largest profit ever made on a single stock tip.

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