Be safe out there execs!
5 replies (most recent on top)
Guess who was also under DOJ investigation for insider tradinng?
In 2024, the Department of Justice (DOJ) investigated multiple executives at UnitedHealthcare for insider trading and fraud. Additionally, Terren S. Peizer, former CEO of Ontrak Inc., was convicted of insider trading based on trades made under Rule 10b5-1 plans. The DOJ's investigation into UnitedHealthcare also involved antitrust concerns, while Peizer's case marked the first criminal conviction solely based on Rule 10b5-1 trading plans.
Citations:
[1] DOJ launched probe into UnitedHealth for insider trading and attempted to
stop monopoly https://www.foxbusiness.com/markets/doj-launched-probe-unitedhealth-insider-trading-attempted-stop-monopoly
[2] Takeaways for In-House Counsel from DOJ's First Insider Trading ... https://www.mo-o.com/resources/insights/240627-takeaways-for-in-house-counsel
[3] Who was Brian Thompson, the CEO of UnitedHealthcare fatally shot ... https://www.cnn.com/2024/12/04/business/who-was-brian-thompson/index.html
[4] Shady Days: SEC Secures Another Insider Trading Stat on Shadow ... https://www.hklaw.com/en/insights/publications/2024/06/shady-days-sec-secures-another-insider-trading-stat-on
[5] DOJ Secures Conviction in First Insider Trading Case Based ... https://www.dorsey.com/newsresources/publications/client-alerts/2024/6/first-insider-trading-case-based-on-rule-10b5-1
[6] DOJ's Novel Application of Insider Trading to 10b5-1 Plans Leads to ... https://www.whitecase.com/insight-alert/dojs-novel-application-insider-trading-10b5-1-plans-leads-conviction
Someone was afraid he was going to snitch to stay out of prison.
https://nypost.com/2024/12/04/us-news/slain-unitedhealth-ceo-brian-thompson-was-facing-doj-probe-for-insider-trading-report/
Why is it I don't feel very bad when the uber wealthy go down?
That's scary as he-l. My conspiracy alarm bells are going off. This article says his wife said he has been receiving threats to his life leading up to his mu---r.
https://www-bbc-com.cdn.ampproject.org/c/s/www.bbc.com/news/articles/cnv3dnm64vlo.amp
Oh wow. That is awful.