Guilty Verdicts for Ex-FBI Agent and Trader

The New York Times on-line (you must register to use this site) reported today that a Federal Bureau of Investigation (FBI) agent assigned to Indian reservation crimes provided a trader with information about white-collar corporate investigations who then used some of that information on the trader's investment website, enabling him to collect at least $2.7 million from subscribers.  The former FBI agent was found guilty of securities fraud conspiracy charges and the trader was convicted of using confidential information from an FBI agent about criminal investigations to profit illegally in the market.