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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 dealt with highly confidential information. Maher began to assist Michael’s (his older brother) trading by sharing inside information with him about pending mergers and acquisitions. Without his younger brother’s knowledge, Michael fed the information to others – including Salman, Michael’s friend and Maher’s brother-in-law. By the time the authorities caught on, Salman had made over $1.5 million in profits that he split with another relative. Petitioner Bassam Salman challenges his convictions for conspiracy and insider trading. Salman received lucrative trading tips from an extended family member. Salman then traded on the information.
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