How Wall Street Lawyer Turned Insider Trader Eluded FBI - Bloomberg: Kluger’s account offers a unique view of insider trading by a mid-level lawyer who moved from one powerful firm to another, exploiting his access to partners and confidential documents. It shows how difficult it is to police such activity when conspirators take care to conceal their crimes and trade with discipline. The trio’s downfall came only when one of them changed the routine after almost two decades.
Their stealth masked Kluger’s ability to steal secrets from some of the most prominent U.S. law firms, including Wilson Sonsini Goodrich & Rosati PC and Skadden, Arps, Slate, Meagher & Flom LLP. The three men made $37 million in profit on deals involving some of the largest technology companies, including Oracle Corp. (ORCL), Adobe Systems Inc. (ADBE), Hewlett-Packard Co. (HPQ) and Intel Corp.