10 Biggest Insider Trading Scandals Ever to Rock Companies

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9. George Soros

It seems that even the greatest can’t resist the lure of easy money obtained through insider trading. George Soros of Soros Fund Management, often described as one of the greatest investment gurus of our time, learned the hard way just how strict French laws against insider trading are. In 1988, Soros obtained a large quantity of Société Générale bank shares, acting on information received from Georges Pébereau that a large group of investors was preparing an ambitious takeover of the company. The plan failed and Soros was not charged with any crime at the time, but years later, the investigation was reopened and he was found guilty of insider trading and ordered to pay a fine of €940,000 ($1.02 million). His appeal to the European Court of Human Rights failed, as judges ruled against his appeal in a 4:3 decision.

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