There Really is Money in Journalism

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Two Goldman Sach employees pled guilty to insider trading yesterday. Part of their scheme involved paying a third party to work in the printing plants for Business Week.

The pair invested in at least 20 different stocks from the “Inside Wall Street” column before it ran. The Goldman Sachs duo netted $6.7 million through that and other schemes.

Authorities suspected something was up when the investors were actually making money off of the market.

[Harvard Crimson]

Aug 29, 2007 · posted by rebecca · Link · Respond
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