143: Michael Kimelman – Convicted of Insider Trading—From Suburban Life to Prison Life
Chat With Traders
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The Importance of Political Clout in High Court
I was running a $20 million pad at the time. I ended up getting convicted of two counts of insider trading, both in that same stock three comm. And I got sentenced to 30 months in prison after that. So if there is any lesson, it's that it helps to have, you know, political clout or friends in high places in these types of cases.
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