Ex-Congressman Charged for Insider Trading, Pelosi Faces Scrutiny!
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The post Ex-Congressman Charged for Insider Trading, Pelosi Faces Scrutiny! appeared first on Coinpedia Fintech News
Stephen Buyer, a former US Congressman, has been sentenced to 22 months in prison for insider trading using information gained from his post-Congress consultancy. The buyer made almost $350,000 in insider trading, including knowledge of T-Mobile’s $26.5 billion merger with Sprint Corp. in 2018. Following Buyer’s conviction and sentence, attention has turned to other high-profile individuals, including Nancy Pelosi, over potential insider trading misdemeanors. He also sold millions of dollars worth of Nvidia stock the day before a multibillion-dollar bill passed that aimed to boost US chip manufacturing.
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