Matthew Kluger

Matthew Kluger is a disbarred lawyer serving a sentence at FCI Morgantown for insider trading. The Bureau of Prisons Inmate Information website states that his expected release date is February 2, 2022.[1] A graduate of the Hammonasset School, Cornell University, and NYU School of Law, Kluger is the son of Pulitzer Prize-winning writer Richard Kluger. Over 17 years, while a lawyer at the law firms Cravath, Swaine & Moore, Skadden, Arps, Slate, Meagher & Flom, Fried, Frank, Harris, Shriver & Jacobson, and Wilson Sonsini Goodrich & Rosati, he tipped the identity of planned corporate takeover targets, allowing confederates to reap millions in profits when the proposed takeovers were announced and the stock prices increased.[2] His sentence, which was reportedly the longest ever imposed after a guilty plea for insider trading, was affirmed by the U.S. Court of Appeals for the Third Circuit in 2013.[3] He explained in detail the nature of his conduct in a video interview.[4] In 2014, he gave an extensive interview with Fortune Magazine about the details of his life in prison.[5] His conduct was featured on an episode of the CNBC series American Greed.[6]

References

  1. ↑ Federal
  2. ↑ David Voreacos, How Wall Street Lawyer Turned Insider Trader Eluded FBI, Bloomberg Business, July 31, 2012
  3. ↑ Walter Pavlo, Inside Trader Matthew Kluger's 12-Year Prison Term Affirmed, Forbes.com, July 9, 2013
  4. ↑ Lawyer: How I Committed Insider Trading, Bloomberg Law, July 31, 2012
  5. ↑ Daniel Roberts, Life Behind Bars: Matthew Kluger Reveals All, Fortune Magazine, July 7, 2014
  6. ↑ Bruce Carton, American Greed: Breaking Down the Kluger-Bauer-Robinson Insider Trading Scheme, Compliance Week, July 9, 2014
This article is issued from Wikipedia - version of the 10/26/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.