Excerpt - “Defendants engaged in the Ponzi scheme outlined above for their own personal benefit, to increase reported revenue in STG, in which the RICO Defendants work. At relevant times during 2008 and until February 2009, these individuals were under the formal direction and control of former Senior Vice President, Robert Moffat (“Moffat”). Moffat served at Senior Vice President and Group Executive, Systems and Technology Group at IBM, during 2008 and early 2009.”
Does illegal insider trading even matter when IBM is involved ?
SEC files # SFRO-131956 & # HO-1329303
Posted by Madame P J Bailey June 24, 2010. Update January 7, 2011; March 3, 2011.