The chief information officer of Foundry Networks, along with two other alleged perps, has been charged with both civil and criminal charges stemming from insider trading during the $3bn buyout of the company by Brocade in 2008. The Securities and Exchange Commission (SEC) civil charges state that David Riley – who has since …
Shows how bent the whole system is even with the checks and balances those that make lots of money from what is in effect a betting scam are fiddling it every time.
bank on this
Pity they weren't bankers. Then not only would they have escaped prosecution they would have been given bonuses.