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Business Associations Keyed to Bainbridge
Salmon v. United States
Citation:137 S.Ct. 420 (2016)
Maher Kara was an investment banker in Citigroup’s healthcare investment banking group. Maher enjoyed a close relationship with his older brother, Mounir Kara. Maher began to assist Michael’s trading by sharing inside information with his brother about pending mergers and acquisitions. Maher sometimes used code words to communicate corporate information to his brother. Without his younger brother’s knowledge, Michael fed the information to others. Salman was indicted on a count of conspiracy to commit securities fraud.
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