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Father and son charged with insider trading, more

Posted on September 14th, 2011 No Comments

This week, investigators involved in the insider trading case of a father and son found evidence that led officials to charge the son with possession of child pornography.

The father, a chemist for the U.S. Food and Drug Administration, is charged with acquiring at least $3 million by trading information that was not released to the public on drug-approval applications.  The son joined in the father’s insider trading operation and also profited from his actions.

For investigations into the insider trading charges, police confiscated the son’s laptop.  In searching the laptop, in addition to finding evidence of fraud and insider trading, officers found child pornography.  The son now faces charges of insider trading, conspiracy, wire fraud, securities fraud, and 1 count of possession of child pornography.

To speak with an experienced white collar crimes attorney after being charged with insider trading, contact the Houston insider trading lawyers of Johnson, Johnson & Baer, P.C. at 713-523-0404 today.