Wednesday, January 4, 2012

Gangsters and Banksters: A Serial Tale Part V

In this international tale of Gangsters and Banksters, we look at what could be illegal trading on non-public information -- insider trading -- by the wife of a Swiss banker, and not just any run of the mill Swiss banker.

Thanks to a whistleblower, we are informed that the wife of the Swiss central bank chief participated in "sensitively timed currency trades" and profited to the tune of 60,000 Swiss francs ($64,400) on a 500,000 Swiss franc trade.  

For more on the story of the Swiss central bank chief, Philipp Hildebrand, and his currency-trading wife, click on the story's link below.

"Wife's Dollar Trade Puts Pressure on Swiss Bank Head." The New York Times 4 January, 2012: online edition.

Related story:

O'Toole, James. "Swiss bankers charged in $1.2 billion tax fraud."  CNN Money 4 January, 2012: online edition.

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