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Salmon v. United States
Citation:137 S.Ct. 420 (2016)
Maher Kara was an investment banker in Citigroup’s healthcare investment banking group. He enjoyed a close relationship with his older brother, Mounir Kara (Michael). Maher began to assist Michael’s trading by sharing inside information with his brother about pending mergers and acquisitions. Without his younger brother’s knowledge, Michael fed the information to others – including Bassam Salman, Michael’s friend and Maher’s brother-in-law. Salman had made over $1.5 million in profits that he split with another relative. Salmon was indicted for securities fraud.
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