Posted on
Saturday 31 May 2008
Former Ernst & Young partner James Gansman and investment banker Donna Murdoch were charged with insider trading Thursday in an indictment unsealed in Manhattan. The two were charged with conspiracy to commit securities fraud and 11 counts of securities fraud. They are accused of joining a scheme to trade illegally on seven separate potential merger and acquisition transactions that involved clients of Ernst & Young, earning more than $390,000 in profits.
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