| T-Mobile Sprint Was
Illegally Traded on by Rep Buyer as SDNY
Charges 9 Lets 1 Self Surrender
By Matthew
Russell Lee, Light
Reading, Patreon
SDNY COURTHOUSE,
July 25 – The two week trial
against the proposed T-Mobile
/ Sprint merger ended on
December 20, 2019 before U.S.
District Court
for the
Southern
District of
New York Judge
Victor
Marrero. There
were papers
due January 8,
and a final
four hour
argument on
January 15.
Inner City
Press began
what will be a
trial-long
live-tweet, here.
Day 7 Patreon
here.
On
July 25, 2022
the SDNY
prosecutors
unsealed an
indictment of
ex Rep Stephen
Buyer for
illegal
trading on the
merger. They
scheduled an
11:30 am press
conference
which Inner
City Press
went to attend
with smart
phone to live
stream. Watch
@InnerCityPress.
The
press
conference was
jammed (photo
here)
and US
Attorney
Damian
Williams said
that one of
the nine was
allowed to
self-surrender,
without saying
which one.
Watch this
site.
The
charges: "(1.)
U.S. v.
Stephen Buyer
–
alleged
insider
trading in two
companies by
the defendant,
a former U.S.
Congressman,
ahead of
merger and
acquisition
announcements
related to
each company.
Buyer
allegedly
obtained
material
nonpublic
information
(“MNPI”) about
each of these
deals by
virtue of his
retention as a
consultant and
lobbyist in
connection
with the
deal.
(2.) U.S. v.
Seth Markin
and Brandon
Wong – the
defendants are
alleged to
have together
made more than
$1.4 million
dollars in
illegal
profits by
trading in
trading in
stock based on
inside
information
that Markin,
who was at
time an FBI
agent in
training,
stole from his
girlfriend,
who was then
an attorney at
a major law
firm in
Washington
D.C. assigned
to work on the
acquisition of
Pandion
Therapeutics
by Merck &
Co. In
addition to
their own
trading, Wong
and Markin are
alleged to
have told at
least eight
other people
to purchase
Pandion shares
based on the
stolen
information.
(3.) U.S. v.
United States
v. Amit
Bhardwaj,
Srinivasa
Kakkera, and
Abbas Saeedi –
the
defendants,
including
executives at
Silicon Valley
tech
companies, are
alleged to
have traded
based on
inside
information
about
impending
corporate
mergers
obtained by
defendant Amit
Bhardwaj from
his
employer.
(4.) U.S. v.
Brijesh Goel –
alleged
insider
trading in
seven M&A
deals based on
MNPI obtained
from an
insider at a
major
international
investment
bank in New
York.
The insider,
Goel,
allegedly
received MNPI
based on
investment
bank internal
documents
about
potential
investments
that bank
might make in
the deals."
The
civl merger
case as State
of New York,
et al., v.
Deutsche
Telekom AG, et
al.,
19-cv-5434
(Marrero).
The
Buyer criminal
case is US v.
Buyer,
22-cr-397
(Berman)
***
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