Ex-US Rep. Buyer convicted of illegal stock purchases

[mobeau69]

NEW YORK (AP) — A former Indiana congressman and Persian Gulf War veteran was convicted Friday of insider trading charges after a two-week trial in which jurors rejected his testimony that he had acted innocently in his pursuit of stock market profits.

The verdict against Steve Buyer, a Republican lawyer who served in Congress from 1993 to 2011, was returned after a jury heard evidence about stock purchases he made after he became a consultant and lobbyist.

Buyer, 64, of Noblesville, Indiana, once chaired the House Veterans’ Affairs Committee and served for a time as a House prosecutor during former President Bill Clinton’s 1998 impeachment trial.

The jury returned guilty verdicts on four securities fraud charges. As the verdict was announced, Buyer shook his head. Judge Richard M. Berman set sentencing for July 11.



https://apnews.com/article/buyer-republican-congressman-indiana-f1b5acf3aed876518efd09f3c82e4971

[yagotme]

1. Hate these people that get by with this.

Those that do insider trading need to have the book thrown at them, pay fines equal to their "profits".

[Sympthsical]

2. Bet he wishes he was still in Congress

Then he would've been fine.

[mobeau69]

3. Just another greedy Republican living in Noblesville.

When are the working class that play by the rules going to get woked up???