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back to article Foundry Networks CIO charged in $29m insider trading scam

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 …

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  1. LarsG
    Meh

    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.

    0 0
  2. Anonymous Coward
    Anonymous Coward

    bank on this

    Pity they weren't bankers. Then not only would they have escaped prosecution they would have been given bonuses.

    2 0
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