If your buddy or close friend shares information about what’s going on with their company, visit in your head (www.zipit.com – made up website) and keep your mouth shut. You can’t know something that someone else does not know, act on it for personal gain, and expect to remain free. Van Gilder, a young man, now faces substantial time in federal prison – something that is life changing.
Notice how simply his alleged crime started and how it mushroomed. There is a lesson here for others to learn!
Insurance executive Michael Van Gilder, age 45, of Denver, was indicted by a federal grand jury in Denver on five counts of insider trading. The U.S. Securities and Exchange Commission, which today filed a complaint charging Van Gilder with civil insider trading violations, conducted a parallel civil investigation and substantially contributed to the criminal investigation of the case as well…
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