Insider trading hall of shame

Here’s a look at some of the major insider-trading cases over the years.

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Oct. 13, 2011

Raj Rajaratnam, co-founder of Galleon Group LLC, was sentenced to 11 years in prison in Manhattan federal court as part of a massive insider trading probe.

Peter Foley / Bloomberg

Aug. 3, 2011

The SEC accused Hugh Hefner's son-in-law William Marovitz of insider trading. Marovitz allegedly traded the publisher's shares based on information from his wife, even though she warned him not to do it.

Damian Dovarganes / AP

June 4, 2009

The Securities and Exchange Commission charged former Countrywide Financial chief executive Angelo Mozilo for raking in $140 million from the sale of his company stock. While selling stocks to make a profit isn't unusual, the SEC said that Mozilo's sale was based on non-public information. The SEC also charged Mozilo and other Countrywide execs with fraud. In October 2010, Mozilo and the SEC settled the charges.

Mark Wilson / Getty Images

November, 2008

The SEC slapped Dallas Mavericks owner Mark Cuban with a charge for insider trading. The SEC said Cuban sold shares of Internet company Mamma.com based on private information about "an impending stock offering." The complaint said he did that to avoid about $750,000 in losses. A U.S. district judge threw out the case in July 2009, but an appeals court revived the case in September 2010.

Bret Hartman / AP

July 16, 2004

Martha Stewart, flanked by U.S. marshals, leaves after sentencing at Manhattan federal court in New York.Stewart was sentenced to five months in prison and five months of home confinement for lying about a stock sale.

Bebeto Matthews / AP

Nov. 21, 1990

In 1990, junk bond tycoon Michael Milken was sentenced to 10 years in prison for securities fraud and other business crimes, including rigging corporate takeovers and manipulating financial markets.

Adam Stoltman / AP

Dec.19, 1987

Financier Ivan Boesky was convicted of illegal insider trading in 1987. He served almost two years in prison and paid more than $100 million in fines.

/ AP

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Insider trading hall of shame

Here’s a look at some of the major insider-trading cases over the years.

Featured Photo Galleries