Former U.S. Congressman Stephen Buyer has been convicted by a New York jury of trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc. ahead of its $23 billion merger with Sprint.
Former U.S. Congressman Stephen Buyer was convicted by a New York jury on Friday of trading on inside information he learned in 2018 as a consultant to T-Mobile US Inc. ahead of its $23 billionBuyer was a Republican from Indiana in the U.S. House of Representatives between 1993 and 2011 before working as a corporate consultant.
Buyer took the stand at trial and denied trading on inside information. His attorney did not immediately return a request for comment on Friday. Buyer made more than $100,000 from the Sprint trades and more than $200,000 on stock in Navigant Consulting Inc., which he purchased before Guidehouse acquired the company in 2019, according to prosecutors.
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