Trader Pleads Guilty To Illegal Purchase of Nearly $1B In Apple Stock 174
An anonymous reader writes "A trader who last year made an unauthorized purchase of nearly US$1 billion worth of Apple stock has pled guilty to wire fraud, securities fraud and conspiracy. On October 25, 2012 — the same day Apple posted its Q3 2012 earnings — David Miller of Rochdale Securities made a number of unauthorized purchases of Apple shares which ultimately led to the demise of the financial services firm he worked for. The aim of Miller's action was to make a lot of money very quickly by purchasing large quantities of Apple shares and selling them in a post-earnings surge."
Re:Worth it? (Score:3, Funny)
Is it worth throwing a minimum of 5-8 years of your life away for money?
Oh please, he's going to a white collar resort prison, not a federal pound-me-in-the-ass prison.
Tim Cook's fault (Score:4, Funny)
Re: wait, what? (Score:4, Funny)
Trading Places (Score:4, Funny)
Re:Worth it? (Score:2, Funny)
. What is the difference between an aggressive successful trader and a rouge trader?
Oh, I know this one!! The rouge trader has a pinker face.