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: Conglomerate

Insider Trading: What Not to Do

By Gordon Smith, Christine, Hurt, Vic Fleischer, Fred Tung, Lisa Fairfax, David Zaring

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OK, I'm throwing in the towel--the Disney insider trading story is just too good.   Here's the letter sent to various hedge fund managers:        

Hi, I have access to Disney's (DIS) quarterly earnings report before its release on 05/03/10 [sic]. I am willing to share this information for a fee that we can determine later. I am sorry but I can't disclose my identity for confidentiality reasons but we can correspond by email if you would like to discuss it. My email is eilatcap@gmail.com. I count on your discretion as you can count on mine. Thank you and I look forward to talking to you.

I'm honestly at a loss as to what to say.  Maybe you can supply the punchline.

Full post as published by Conglomerate on May 28, 2010 (boomark / email).

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